Thank you for sharing!

Your article was successfully shared with the contacts you provided.
A successful new life sciences practice helped Patton Boggs achieve a 10 percent increase in local revenue last year over 2001. The firm’s D.C.-area revenue was about $128.6 million in 2002, up from $117.2 million in 2001. The practice, which opened in the firm’s Northern Virginia office in February 2002, started with six lawyers, but expanded to 11 by the end of 2002, says Stuart Pape, Patton Boggs’ managing partner. As a result of the new specialty, the firm was able to land such new clients as medical supplies manufacturer Becton, Dickinson and Co. and the local Digene, which develops and manufactures gene-based disease testing systems. Pape says the firm’s diversity of practice areas has helped it increase its revenue in a poor economic climate. Although it wasn’t a boom year for corporate and financial practices, the firm managed to hold its own elsewhere. “There were a number of areas in which we were busier than we expected,” Pape says. “I think those areas more than offset any softness in transactional areas.” In addition to the new intellectual property practice in Northern Virginia, litigation and public policy were strong in 2002, he says. The lobbying arm of Patton Boggs brought in $56.1 million in 2002 and earned the top spot in lobbying earnings among D.C. law firms in a recent Influenceranking. (Go to influence.bizand click on “Special Reports” for survey results.) Some of the firm’s top clients include Mars Inc. and AOL Time Warner. A practice heavy in lobbying often sees lower partner profits because fewer associates can be billed for each client. Partner profits at Patton Boggs, however, did go up about 10 percent in 2002, up to $520,000 in 2002 from $471,000 in 2001. Patton Boggs wants to remain at the top of the pack among law firms in lobbying. “We’re doing everything we can to maintain that position,” Pape says. “But we’ve built up capabilities in other areas.” Although Patton Boggs added practice areas, the firm lost 10 lawyers locally in 2002. Pape says this was not by design. “That’s an accident of a count at a particular point in time,” he says. “There’s no particular pattern there.”

This content has been archived. It is available exclusively through our partner LexisNexis®.

To view this content, please continue to Lexis Advance®.

Not a Lexis Advance® Subscriber? Subscribe Now

Why am I seeing this?

LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via Lexis Advance®. This includes content from the National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.

ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.

For questions call 1-877-256-2472 or contact us at [email protected]


ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.