Editor’s note: This is part of a series of articles detailing how law firms fared financially in 2021, leading up to the Am Law 100 report on April 26 and the Am Law 200 report on May 24. The full collection is available here.

Baker & Hostetler boosted revenue by 5.9% in 2021 and grew profits per equity partner by 11.5%, but chairman Paul Schmidt is particularly proud of how the firm has succeeded in growing its relationships with key clients.