Leaders Of McDermott Are Now Focusing On Growth After Losses
Including several practice group leaders, McDermott Will & Emery in London, who is joining British IP boutique EIP. The agile failure comes in the midst of declining revenues and a lessening equity partnership. According to Am Law 100 figures, gross revenue of McDermott's in 2008 was $966 million and dropped down to $788.5 million in 2010. The firm lay off attorneys and staff during the recession and also saw its equity partner numbers drop to 185 from 266 during the same period.