Bingham's Practice Changes To Spur More Partner Departures

By Erin Coe (February 20, 2014, 11:11 PM EST) -- Following Bingham McCutchen LLP's $110 million revenue decline last year, the firm plans to decrease exposure to practices that are being commoditized to help boost its profits in 2014, the firm's chairman told Law360 on Thursday, a shift the firm acknowledges could drive some partners to seek out other firms.

Bingham Chairman Jay Zimmerman confirmed that the firm's revenue had declined from $872 million in 2012 to $762 million in 2013, marking a 12.6 percent dip, and that equity partner pay would be decreased on average by 12.8 percent, from $1.7 million to $1.5 million. He attributed the income drop to...

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