First the bad news. Brobeck saw its profits per equity partner plunge 44 percent in 2001. The firm cracked the $1 million threshold in profits per partner in 2000 with $1.17 million, but this figure dwindled to $660,000 last year. Likewise, gross revenue also decreased from $476 million in 2000 to $447 million last year. Early this year, the firm announced layoffs of 54 associates and 85 staff members. This comes on top of the voluntary leave offer accepted by 82 associates in the last quarter of 2001. The impact of these actions mostly landed on the firm's business and technology group.
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