During the previous fiscal year, Baker & McKenzie just missed the mark with total revenue of $1.829 billion, but for fiscal year 2008, which ended in June, the firm comfortably secured a spot in the $2 billion club with revenue of $2.19 billion. The firm also reported that overall profits shot up 18 percent. Management credits the strong financial performance to what is now a four-year-old effort to more strategically approach the firm's practices, geographic growth and client development.
Baker & McKenzie's Revenues Jump Past $2 Billion
The American Lawyer
August 14, 2008