US law firms see double revenue dip

Headline News

SIGNS of the damaging effects of the global recession on law firm business came as the top 10 US law firms with offices in London reported an average double-digit fall in financial figures for 2009.

Often described as the bellwether for how the UK’s law firms will report finances for the year, US firms saw an overall average drop of around 12 per cent in London revenue in 2009.

White & Case, which held on to its spot as the top US firm by revenue, saw London fee income fall from $245.9m to $197m for the year, while Baker & McKenzie saw its numbers fall to $184.5m.

“International law firms with offices in London which have heavily relied on transactional practices had a difficult year in the aftermath of the Lehman Brothers crash,” said Baker & McKenzie London managing partner Gary Senior.

US firms have been particularly hit by the drop off and lack of M&A work, as well as a fall off of banking and capital markets work.

Related listings

  • Law firm Mayer Brown lays off more lawyers

    Law firm Mayer Brown lays off more lawyers

    Headline News 04/12/2010

    Mayer Brown continues to hemorrhage lawyers, despite what the Chicago law firm says are "encouraging signs" for 2010.The international firm said Thursday that laid off 28 lawyers in its U.S. offices, which represents 3 percent of the approximately 92...

  • Baltimore Law firm Ober Kaler to move

    Baltimore Law firm Ober Kaler to move

    Headline News 04/09/2010

    One of Baltimore's largest law firms, Ober Kaler, will move its headquarters by next April from the Sun Trust Bank building downtown to the 100 Light Street office tower a few blocks away.Lexington Realty Trust, which owns the 35-story office tower, ...

  • Conflicts Force Big Law Firms to Lose Clients

    Conflicts Force Big Law Firms to Lose Clients

    Headline News 04/07/2010

    Big blue-chip law firms are losing potentially lucrative assignments to smaller firms even as the industry sees a spike in lawsuits against banks stemming from the financial crisis. The reason for the change: ethics rules that govern conflicts of int...

Illinois Work Injury Lawyers – Krol, Bongiorno & Given, LTD.

Accidents in the workplace are often caused by unsafe work conditions arising from ignoring safety rules, overlooking maintenance or other negligence of those in management. While we are one of the largest firms in Illinois dedicated solely to the representation of injured workers, we pride ourselves on the personal, one-on-one approach we deliver to each client.

Work accidents can cause serious injuries and sometimes permanent damage. Some extremely serious work injuries can permanently hinder a person’s ability to get around and continue their daily duties. Factors that affect one’s quality of life such as place of work, relationships with friends and family, and social standing can all be taken away quickly by a work injury. Although, you may not be able to recover all of your losses, you may be entitled to compensation as a result of your work injury. Krol, Bongiorno & Given, LTD. provides informed advocacy in all kinds of workers’ compensation claims, including:

• Injuries to the back and neck, including severe spinal cord injuries
• Serious head injuries
• Heart problems resulting from workplace activities
• Injuries to the knees, elbows, shoulders and other joints
• Injuries caused by repetitive movements

For Illinois Workers’ Compensation claims, you will ALWAYS cheat yourself if you do not hire an experienced attorney. When you hire Krol, Bongiorno & Given, Ltd, you will have someone to guide you through the process, and when it is time to settle, we will add value to your case IN EXCESS of our fee. In the last few years, employers and insurance carriers have sought to advance the argument that when you settle a case without an attorney, your already low settlement should be further reduced by 20% so that you do not get a “windfall.” Representing yourself in Illinois is a lose-lose proposition.

Business News

St Peters, MO Professional License Attorney Attorney John Lynch has been the go-to choice for many professionals facing administrative sanction. >> read