Here’s a report. Member dues are down 43% since 2018, before the corruption was revealed. Overall revenue is $282 million, down from its peak of $350 million.
Spending on legal costs is $52 million a year, 21% of the budget (and we thought Ackerman McQueen were expensive, at their peak they were 12% of the budget). An annual member who sends in $40 for dues has to face that fact that $8 of that goes for lawyers, the chief one of which bills his time at $1,400 per hour.
We’d be skeptical of the source, but an insider who has seen the report has confirmed that the financial picture is continuing to spiral downward.