Merger Means A Dip In Revenue For One (Bigger) Biglaw Firm

Despite a major Biglaw merger in 2018, what firm saw a dip of 3.4 percent in revenue to $869.1 million for 2019?

Hint: Firm leadership said the decline was not unexpected and that firm was focused on more positive matrices, including that in the 21 months since the merger became official, there was a 5 percent increase in combined profits over 2018, and the firm finished 2019 with a positive cash balance of $86 million.

See the answer on the next page.

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