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March 30, 2010

Foley & Lardner Down in Both Profit, Revenue

Foley & Lardner is not following the model of increased profit on a decline in revenue.  In THE AMERICAN LAWYER, Michael Goldhaber reports Foley & Lardner's PPP was down 7.9% and gross revenue 8.8%. 

No surprise, its bankruptcy practice was doing well. At some firms, lawyers in that practice are billing at an average hourly rate of $500 and up to almost $1000, as with the Tribune Company bankruptcy.

Posted at 05:21 PM in Current Affairs |

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