Dorsey & Whitney posts flat revenues for 2010-11

US firm Dorsey & Whitney has posted a marginal rise in turnover for the 2011 financial year, with the figure nudging up by 0.3 per cent.

Total revenue at the firm was $323.5m (£205m) last year, up from $323m the previous year, while average profit per equity partner (PEP) dropped 0.9 per cent from $565,000 to $560,000 (£355,000).

The results are an improvement on the previous year, when the firm saw gross revenue fall by nearly 6 per cent.

In the past year Dorsey has announced an alliance with Shanghai boutique Martin Hu & Parnters (MHP).

Dorsey is the latest US firm to reveal it financial results for the last year. Last week King & Spalding posted rises in turnover and PEP of 9 per cent and 12 per cent, respectively (10 February 2012). Willkie Farr & Gallagher saw both revenue and PEP rise by 3 per cent (10 February 2012).