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1825 Eye Street NW Washington, District of Columbia 20006-5403 T: (202) 420-2200 F: (202) 420-2201 www.dicksteinshapiro.com [email protected]
Dickstein rocketed up the revenue charts to the No. 6 slot in the Legal Times D.C. 20 survey, posting the largest revenue increase in 2005, 27 percent. The firm reported $201 million in gross revenue. The move continues a topsy-turvy pattern that has seen Dickstein move up and down the chart in recent years. Firmwide managing partner Michael Nannes attributed the growth to two factors: increases in regular revenue and collections on two large contingent-fee cases. Dickstein represented Stan Lee, the co-creator of Spider-Man, in a suit against Marvel Enterprises Inc. in which a federal court awarded Lee 10 percent of profits associated with Lee’s creations. In an effort that spanned several years, the firm’s antitrust practice, led by R. Bruce Holcomb, represented a group of rubber-tire company plaintiffs, the largest of which was Michelin USA, in a price-fixing claim against a group of rubber chemical companies. The case settled out of court in 2005. Holcomb declined to comment on the size of Dickstein’s contingent fee in that matter. The sharp rise comes after the previous year’s reported $158 million in revenue. That figure marked a downturn from 2003, when the firm, buoyed by a $150 million payout from a contingent-fee case against vitamin manufacturers, posted revenues of $249 million. Overall, the firm increased its size by eight lawyers to 244. Profits per partner jumped from $840,000 to more than $1 million, and average compensation per lawyer rose from $770,000 to $890,000. Dickstein’s bottom line was bolstered by its insurance coverage work. Partners David Elkind and Mark Kolman led the team, which garnered $6.2 million in damages for Boston Gas Company in its case against Century Indemnity in the U.S. District Court of the District of Massachusetts. Nannes says he expects 2006 revenue numbers to continue to rise and the firm’s recent up-and-down pattern to be broken. So far, he says, the firm is up 7 percent compared with last year at this time.
• RANKINGS •
D.C. 20 (2006)Rank by D.C. revenue (2006): 6D.C. Revenue (2005): 201,000,000D.C. Revenue (2004): 158,200,000Revenue per lawyer: 825,000Profits per partner: 1,075,000Average Compensation All Partners: 890,000Lawyers/Equity All Partners; 244/77Firmwide Revenue (2005): 257,300,000Rank by size of D.C. office (2005): 16 D.C. 20 (2005)D.C. Revenue 2004: 158,200,000D.C. Revenue 2003: 249,000,000Revenue Per lawyer: 670,000Profits per partner: 842,000Average compensation all partners: 704,000Lawyers/Equity Partners: 236/77Firmwide Revenue 2004: 196,800,000

LT150 (2006)Lawyers in Office (2006): 262Partners in Office (2006): 111Lawyers in office (2005): 256Partners in office (2005): 110Percent Change in Number of Lawyers: 2.3Associate Hires Expected 2006: 22 LT150 (2005)Rank: 7Lawyers 2005: 266Partners 2005: 111Lawyers 2004: 255Partners 2004: 104Percent Change: 4.30Associate Hires: 14

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