Dorsey & Whitney Sees Flat 2008 Revenue

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Minneapolis-based Dorsey & Whitney saw flat revenues, with a small decrease in profits per partner for 2008.

Gross revenues were just over $367 million, and profits per partner were $661,000, a 1.6% decrease from the prior year.

The firm’s activity was even across practice areas with both litigation and corporate work accounting for significant chunks of revenue. Litigation accounted for approximately 35% of the firm’s revenue this year.

  

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The firm also saw a fair amount of corporate advisory and transactional work, including a close to $1 billion bank financing for an Indian gaming project. Corporate work represented 22% of gross revenue.

Also, the 8th U.S. Circuit Court of Appeals threw out a decade old case that could have cost the firm up to $4 million in malpractice verdicts.