Wolf, Block, Schorr & Solis-Cohen and Cozen O’Connor put merger talks on hold while Wolf Block closed out its fiscal year. Now that the calculations are complete, Wolf Block reported that gross revenue and profits per equity partner increased by 8 percent. The increase of profits per equity partner (PPP) from 448K in 2005 to 485K in 2006 puts Wolf Block closer to the Cozen’s 2005 PPP (470K). It is likely that Cozen’s key financial indicators also increased last year, making it easier for the two firms to combine.
Source: www.nylawyer.com