K&L Gates' Equity Partner Profits Dipped 7.5% In 2013

Law360, New York (February 26, 2014, 10:00 PM EST) -- K&L Gates LLP for the second straight year took the rare step of publicly releasing a detailed year-end financial report, even as many of the firm's 2013 figures reflect what it called "a challenged legal marketplace.”

While K&L's gross revenue rose more than 9 percent over 2012, from $1.06 billion to $1.158 billion, the top-line gain was driven by the merger with 300-lawyer Australian firm Middletons — a deal that was finalized Jan. 1, 2013 — as sagging revenue in the U.S. and elsewhere, along with...
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