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555 Thirteenth Street, NW Washington, DC 20004 Phone: 202.637.5600 Fax: 202.637.5910 www.hhlaw.com
After being dethroned as Washington’s largest-grossing law office in last year’s D.C. 20 survey, Hogan & Hartson has returned to the top spot – but just barely. The firm’s gross revenue in its D.C. and Northern Virginia offices jumped nearly 8 percent in 2005 to $362.5 million, pushing it just ahead of WilmerHale. Helping drive the growth: hourly rate increases of roughly 6 percent. Hogan’s revenue spike was also driven by expansion, as it added nearly two dozen lawyers locally, giving it 473 in the region. Chairman J. Warren Gorrell Jr. says the firm expects growth to continue in 2006 and that it plans to add roughly the same number of attorneys this year. The expansion has lined the pockets of Hogan’s equity partners, as profits on a per-partner basis hit $1 million in the Washington region. And unlike a number of firms with tiered partnerships, Hogan has continued to add equity partners in the District, boosting its total by nearly 5 percent to 161. Hogan’s efforts to transform itself from a D.C.-based regulatory firm into an international corporate law firm continued apace in 2005. The firm’s corporate attorneys represented real estate investment trust CarrAmerica in its $5.6 billion acquisition by the Blackstone Group and GE Commercial Finance in its $3 billion sale of Storage USA Inc. The firm also opened offices in Hong Kong, Switzerland, and Venezuela. But not all of its international growth has proved profitable: Hogan shuttered its Prague office in 2005 and continues to struggle in Eastern Europe. But despite its efforts to internationalize and break into top-tier corporate work traditionally done by New York law firms, Hogan remains heavily dependent on the fortunes of a single city. Though it has two dozen offices scattered across the globe, half the firm’s lawyers work inside the Beltway. Traditional Washington practices remain important to the firm, and fortunately for Hogan, the D.C. market has been strong in recent years. The firm’s lobbying revenue jumped 17 percent to $60.3 million in 2005, allowing it to hold its place as Washington’s third-largest lobbying organization, according to Legal Times‘ Influence 50 report. Though Hogan has seen its D.C.-area revenue rise by 50 percent since 2001, there are signs the firm will have difficulty growing at such a rapid pace. “That gets to be hard to do every year,” Gorrell says. He says it is unlikely the firm will be able to raise rates as much in 2006 as it has in recent years. And Hogan, which held the increase in its expenses to 2.5 percent in 2005, will see the cost side of its ledger grow more rapidly this year after following other firms in raising salaries for associates.
• RANKINGS •
D.C. 20 (2006)Rank by D.C. revenue (2006): 1D.C. Revenue (2005): $362,500,000D.C. Revenue (2004): $336,300,000Revenue per lawyer: 765,000Profits per partner: 1,000,000Average Compensation All Partners: 800,000Lawyers/Equity Partners: 473/161Firmwide Revenue (2005): 700,000,000 D.C. 20 (2005)D.C. Revenue 2004: 336,300,000D.C. Revenue 2003: 305,000,000Revenue per lawyer: 745,000Profits per partner: 905,000Average compensation all partners: 740,000Lawyers/equity partners: 451/154

LT150 (2006)Rank by Size of law office (2005): 2Lawyers in office (2006): 484Partners (2006): 128Lawyers (2005): 440Partners (2005): 121Percent Change (2005): 10.0Associate Hires (2005): 70 LT150 (2005)Rank: 2Lawyers 2005: 453Partners 2005: 225Lawyers 2004: 464Partners 2004: 215Percent Change: -2.4Associate Hires: 46

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