How is the firm doing in these difficult times
Cornell We have a financial year that goes from May to April, which we have just finished. Last year was a good year and although profits were down, we actually grew our revenues over the previous year. So without sounding complacent, it was a good performance. It showed how well hedged we are as a business both in terms of geography and practice areas. The obvious areas that were robust were litigation, restructuring and insolvency and to a degree, securitization. We think we had a good year under the circumstances.
So markets go up, markets go down, but the lawyers always make money...
Well, as I...
