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Jones Day raked in 15 percent more revenue in the District last year than in 2001, matching the best performances among D.C. offices of out-of-town firms. The double-digit gains underscore how lucrative the D.C. market can be for giant law firms, even when the broader economy is weak. Jones Day’s 212 local lawyers generated $135 million in fee income, compared with just more than $117 million in 2001. “It was a great year,” says Mary Ellen Powers, partner in charge of the D.C. office. Profits climbed to $880,000 per equity partner, a healthy 8 percent increase over 2001. Only four of the highest grossing firms in the District yielded fatter profits last year. Powers, who replaced Stephen Brogan in January 2003 as D.C. office leader after Brogan was named managing partner of the entire firm, attributes much of the local revenue to “a large number of very big-ticket disputes” and regulatory work, particularly on antitrust and tax matters. The D.C. office contributed roughly 15 percent of the $908 million in revenue generated across the 27-office, 1,700-lawyer firm last year. Jones Day’s robust local results mirror those posted by Latham & Watkins; McDermott, Will & Emery; and Skadden, Arps, Slate, Meagher & Flom, which saw D.C.-area revenue growth of 16 percent, 15 percent, and 12 percent, respectively. Major matters for Jones Day’s Washington team included worldwide tax planning for Pfizer Inc.—a project that kept the firm busy in 2001 as well. Powers credits D.C. partners Joseph Iannucci, Raymond Wiacek, and Lester Droller with spearheading that effort. Partners Phillip Proger and William O’Reilly tackled “substantial” antitrust work for Bayer AG, Powers recounts, while partner Willis Goldsmith advised Verizon Communications Inc. on labor and employment matters. D.C. partners Robert McDermott Jr. and Peter Biersteker handled toxic-tort defense work for the R.J. Reynolds Tobacco Co. Aventis S.A. relied on partner John Majoras to wrestle with civil litigation arising from claims of price fixing in the vitamin industry. Work for these clients is ongoing, Powers notes, and demand for Jones Day’s D.C. litigators shows no sign of slackening in 2003. “This office is really humming right now,” she says.

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