Supported by hefty contingency fees and alternative fee arrangements, Crowell & Moring’s revenue and profits per partner soared to new heights on the back of double-digit percentage growth.
The Washington, D.C.-based firm’s gross revenue rose 18.7% to $514.39 million, and with a 2% drop in full-time equivalent head count, revenue per lawyer rose 21% to $1.1 million. Meanwhile, profits per equity partner shot up a whopping 46.6% to $1.629 million as equity partner head count saw a net decrease of about seven lawyers.Phil Inglima. Courtesy photo
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