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2009 looks a lot like 2008 at Arent Fox where revenue fell slightly to $216.5 million from the previous year’s $222.5 million. Profits per partner came in at $800,000, the same as in 2008, and revenue per lawyer was $690,000, a slight drop from 2008. The firm finished the year with the same number of partners as it had in 2008, but kept per partner profits flat despite a slight dip in revenue by cutting 5% from its expense budget and prepaying some 2009 expenses in 2008.
The real estate practice took a hit in 2009 but the decline in real estate law was balanced out by a strong showing in litigation, particularly within the IP practice group.
Arent Fox has nearly 350 attorneys with offices in Los Angeles, Washington D.C. and New York.
