Hogan Lovells followed a year of profitability and revenue declines with double-digit gains that set a new record for the firm’s financial performance.

The global firm netted $986 million from revenues of $2.68 billion, which translated into $2.74 million in profits per equity partner. Year-over-year increases to these metrics of 17%, 10.2% and 20.3%, respectively, came after falling in 2022 by 13%, 6.6% and 8.2%.