Morgan Lewis’s Calander Affects Its Books Negatively

Morgan Lewis & Bockius is unlike any other firm in that it starts its fiscal year in the beginning of October.  It definitely affected its books.  For instance, financial downfalls that happened in the (most firm’s) fourth quarter of 2008 only affected those firm’s 2008 numbers.  Morgan Lewis took those hits in their 2009 financial reports; 2009 was bad enough on its own.  Morgan Lewis’ 2009 numbers took a big hit.  Its gross revenue was down by five percent.  Its profits per partner decreased by a whopping 15 percent and its revenue per lawyer slid down by 1.19 percent.

 

Source:  www.bizjournals.com