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Baker & Hostetler‘s work for Irving Picard, the trustee of the Bernard L. Madoff Investment Securities bankruptcy proceedings, has been a big boost to the firm. Based on our reporting, it appears that in 2010 the firm’s revenue increased 17 percent to $386 million, and profits per partner jumped 27 percent to $763,000. The number of lawyers at the firm rose 7 percent, to 645. ( Editor’s note: Following a change in our methodology for the 2011 Am Law 200, the firm’s 2009 numbers have been recalculated to reflect a full-year head count. All year-on-year percentage changes are based on those recalculated numbers.)

Based on court filings in the Madoff case, it appears that at least $58 million of the firm’s 2010 revenue stems from that high-profile assignment. In May the court approved $24.6 million in fees for Picard and the firm, and in September it approved an additional $34.6 million.

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