Barely a quarter of Buchanan Ingersoll & Rooney's 500 lawyers have hit their targeted billable hours this year. Average associate hours have fallen below 1,650. As of May the firm was $10.5 million shy of its billing goals. Departures have left the firm with 35 fewer lawyers and lobbyists than last year, and it's shuttered a California office. This isn't where Buchanan aimed to be two years after a merger vaulted it into the Am Law 100. But CEO Thomas VanKirk doesn't view the situation as dire.
Economy, Exits Hurt Buchanan Ingersoll
August 13, 2008