Last year gross revenue at Fort Worth’s Kelly Hart & Hallman rose .8 percent to $63.5 million from $63 million in 2009. The firm’s net income was $36.2 million in 2010, a 4 percent increase from $34.8 million in 2009. “We’re pleased with our 2010 numbers. Our gross was slightly better coming off an unexpectedly good year. We’re pleased that we were able to maintain that,” says Dee Kelly Jr., managing partner of the firm. “Obviously, the strongest part of the practice — as with most law firms — is litigation,” Kelly says. “Energy remains strong, and our bankruptcy section had a good year,” he adds. “The transactional practice is still lagging, but I think that’s a broader economic recovery issue,” Kelly says. Average profits per partner were $696,000 in 2010 and revenue per lawyer was $496,000. PPP and RPL are calculated using a full-year average FTE (full-time equivalent) of 128 lawyers and 52 equity partners.
See ” Turning the Corner: The Worst Appears to Be Over for Texas Firms“
