SAN FRANCISCO — 2014 was a good year for law firms—and a very good year for a select group focused on the work thrown off by the region’s tech industry.
Fenwick & West, Cooley and Wilson Sonsini Goodrich & Rosati all achieved double-digit revenue gains while boosting partner profits. Not far behind in the growth game was L.A.’s Sheppard, Mullin, Richter & Hampton, which recorded a 9.4 percent increase in gross revenue. It was a different story, though, at Pillsbury Winthrop Shaw Pittman and Orrick, Herrington & Sutcliffe, where the top line barely budged and head count either stayed still or shrank. Pillsbury’s gross improved 3 percent after falling the same percentage the prior year. Orrick saw gross revenue inch up 1 percent as the firm shed some 60 lawyers, giving it a healthy gain in revenue per lawyer.
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