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Recession? Who is in a recession? Not partners in the D.C. office of Arnold & Porter, who have seen average profits climb more than 10 percent since the boom year of 2000. The total income of the 425-lawyer office soared nearly 20 percent in 2002 from $97 million to $116 million. As a result, Arnold & Porter’s D.C. partners brought home an average of $750,000 last year, up from $706,000 in 2001 and $670,000 in 2000. Yet despite a 13 percent gain in gross revenue, Arnold & Porter slipped from the No. 1 slot for gross revenue earnings in the District—squeezed out by Hogan & Hartson’s slightly larger D.C. office. Arnold & Porter added approximately 30 attorneys to its D.C. office and upped its average revenue per lawyer to $658,000 from $632,000 in 2001. The firm promoted 10 associates to partner in 2002. “We had our best year ever last year, and it was better than we had expected,” says managing partner James Sandman. “Our practice growth continued to be strong in a difficult economy.” Indeed, 2002 saw the creation of a new practice group at Arnold & Porter: a sports industry practice. Clients include the Baltimore Orioles, the Professional Golfers Association, and the Anaheim Angels. Sandman reports strong business in more traditional areas as well, such as the litigation, financial services, antitrust, bankruptcy, environmental, and intellectual property practices. Even transactional work, while down from the late 1990s, picked up from the previous year, says Sandman. Arnold & Porter continues reaping work as national trial counsel to pharmaceutical giant the Wyeth Corp. Over the past five years, Arnold & Porter attorneys have defended a whopping 45,000 cases related to the recalled Wyeth diet drug phen-fen. Now, the firm is stepping in for Wyeth in a series of class actions related to the estrogen replacement drug Premarin. Arnold & Porter also serves as national coordinating counsel for BP Amoco in massive litigation against manufacturers of lead paint. Despite a slow year for mergers and acquisitions, Arnold & Porter’s 55-lawyer antitrust group has stayed busy. Among last year’s major antitrust matters: representing Pfizer Inc. in its $60 billion acquisition of the Pharmacia Corp. Firm lawyers also worked on mergers in the financial services industry worth more than $3 billion, including representing MT&T Bank in its merger with Allfirst Financial Inc. Arnold & Porter continued adding strength to its patent litigation group. Four patent litigation partners from the D.C. office of New York’s Pennie & Edmonds joined the firm in September.

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