Elliot Portnoy, chief executive of SNR Denton, said that the entire firm is pleased about the result given that the legal industry has suffered from a series of setbacks over the past few years (credit creasy). “Despite challenging market conditions for our clients and the entire legal industry, and with 11 percent fewer lawyers, we are very pleased with SNR Denton US LLP’s year-over-year increase in net income and in other key metrics.”
Denton, in its last full fiscal year as a separate entity, registered gross revenue of $267 million (£167.5 million) and profits per equity partner of $464,000 (£353,000), with a profit margin of 19% for 2009-10.