Miles & Stockbridge suffered a dip in revenue and a big ding to partner profits in 2018 in the aftermath of a lateral raid by a new Big Law rival in its hometown.
Gross revenue dropped 1.7 percent last year to little more than $114.6 million, and profits per equity partner sank 14.2 percent to $411,000. Net income declined 13.3 percent to $30.96 million last year.
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