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After an upward charge last year, McDermott, Will & Emery flat-lined in 2005 with only a 2 percent revenue increase and fell to No. 15 overall in the Legal Times‘ D.C. 20 survey. But Timothy Waters, the firm’s co-partner in charge of the D.C. office, doesn’t look at it as a downward spiral. “It was more of a holding-pattern year for us,” says Waters of the firm’s 2005 performance. “We took a step back from recruitment.” D.C. head count for the Chicago-based firm shrunk by six to 198 lawyers, and the firm reported $180 million in overall revenue in 2005. Still, its revenue per lawyer rose from $890,000 to $909,000, with profits per partner undergoing a nominal boost of $5,000, reaching $1.2 million. Despite minimal revenue increases, McDermott saw its profile raised from co-managing partner Bobby Burchfield’s representation of former Majority Leader Tom DeLay (R-Texas) until Burchfield left the matter last June. He also took on Rep. Don Sherwood (R-Pa.) as a client after a former mistress filed suit; it settled last November. Burchfield defected to McDermott from Covington & Burling in 2004. Less widely watched but more lucrative for the firm was Burchfield and Raymond Jacobsen Jr.’s representation of Amgen Inc. in an antitrust lawsuit brought by Ortho-Biotech, a Johnson & Johnson subsidiary. Last year their team worked primarily on initial discovery matters, and it is anticipating a preliminary injunction hearing in June. The firm also worked as special tax counsel for Chevron Corp.’s controversial $18 billion acquisition of Unocal Corp. McDermott continued to show strong gains in the intellectual property arena in 2005. The firm represented Menard Inc. in a trademark suit brought by Sears Inc. over an advertising phrase in the home-improvement company’s 2001 holiday commercials. McDermott got the case dismissed and was awarded $2.5 million in fees and expenses. In addition, the firm represented American Marine Holdings Inc. in a suit that Maverick Boat Company Inc. brought against it for allegedly copying its boat design and style. The U.S. Court of Appeals for the 11th Circuit upheld a federal district court decision in favor of American Marine Holdings. Beyond litigation, Waters says, “the corporate group was much busier at the end of the year, and the health care group picked up.” The firm also represented Merrill Lynch and Lockheed Martin/Lockheed Martin U.K. Holdings Ltd. in separate acquisitions. Despite some inconsistent revenue streams, Waters says the firm is looking to grow, particularly in its public policy, tax, and health practices, and will complete a firmwide practice assessment next month.
• RANKINGS •
D.C. 20 (2006)Rank by D.C. revenue: 15D.C. Revenue (2005): 180,100,000D.C. Revenue (2004): 176,800,000Revenue per lawyer: 910,000Profits per partner: 1,280,000Average Compensation All Partners: 1,280,000Lawyers/Equity All Partners: 198/60Firmwide Revenue (2005): 799,500,000 D.C. 20 (2005)D.C. Revenue 2004: 176,800,000D.C. Revenue 2003 164,800,000Revenue Per Lawyer: 890,000Profits Per Partner: 1,195,000Average Compensation All Partners: 770,000Lawyers/Equity Partners: 204/61Firmwide Revenue 2004: 745,200,000

LT150 (2006)Rank by size of D.C. office (2005): 10Lawers in Office (2006): 201Partners in Office (2006): 123Lawyers in office (2005): 211Partners in office: (2005) 135Percent Change in Number of Lawyers: -4.7Associate Hires Expected 2006: 18 LT150 (2005)Rank: 20Lawyers 2005: 211Partners 2005: 135Lawyers 2004: 210Partners 2004: 135Percent Change: 0.50Associate Hires: 15

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