Fueled by an improving economy, L.A.-based firms reported impressive revenue gains in 2005, with five of the area's largest firms posting double-digit growth. In a sign that firms are busier and raising billing rates, revenue per lawyer was up at most firms, with Gibson, Dunn & Crutcher edging over the $1 million mark on that yardstick. And while most firms' growth was aided by attorney hires, Manatt, Phelps & Phillips increased head count by just one, yet still grew revenue by 8 percent to $196 million.
February 06, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Fueled by an improving economy, Los Angeles-based firms reported impressive revenue gains in 2005, with five of the region’s largest firms posting double-digit growth.
In a sign that firms are busier and raising billing rates, revenue per lawyer was up at most firms, too, with Gibson, Dunn & Crutcher edging over the $1 million mark on that yardstick. In 2004, only a handful of New York-based firms reported RPL in excess of $1 million.
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