Jon Van Gorp of Mayer Brown. Courtesy photo Mayer Brown Sees Revenue and PEP Climb Amid Higher Demand, Drop in Equity Tier
The firm's 8.2% drop in equity partners helped push the firm's PEP up by about 4.4% to about $2.44 million. Revenue per lawyer ticked up 1% to nearly $1.01 million.
March 18, 2024 at 03:54 PM
5 minute read
Law Firm Profitability
What You Need to Know
- Practices such as financial services, regulatory and restructuring led the way for Mayer Brown in 2023, said chair Jon Van Gorp.
- Van Gorp noted that efforts in London, Paris, Brazil, Salt Lake City and Singapore last year contributed to the firm's success.
- 'Certainly we look at all these numbers, but the ones that motivate me the most are not the aggregate size of the business,' he said.
Mayer Brown, with core practices such as financial services, regulatory and restructuring, inched closer to the $2 billion mark in 2023, increasing revenue by 2.7% to nearly $1.91 billion.
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