Today’s Recorder contains an article about 2010 revenues and profits at eight Northern California based law firms. It also reports on interviews with some of the firms’ leaders about what they are expecting for the future.
Read the whole thing here. Notably, head count at six out of the eight firms dropped in 2010.
One highlight:
“Extreme caution about hiring remains the rule – even at firms like Morrison & Foerster, where revenue per lawyer was up a healthy 6 percent. Chairman Keith Wetmore said MoFo’s biggest challenge was aligning head count with work levels. ‘We’re being very careful not to let groups hire ahead of demand,’ he said. ‘We’ve also managed costs and staff head count aggressively, not replacing people when they leave, restricting travel costs and revisiting our marketing and tech budgets.'”