After a two-year surge in profits-per-equity-partner, Jenner & Block saw that number dip 3.6 percent, to $1.49 million, in 2012, according to The American Lawyer‘s reporting. The firm’s gross revenue and revenue-per-lawyer figures, meanwhile, were essentially flat, with the former dipping 0.4 percent to $387.5 million and the latter slipping .06 percent to $895,000. The stagnant results come on the heels of a run that, as we reported last year, saw Jenner’s PPP rise a stunning 29 percent in 2010 and a healthy 11.2 percent in 2011. In a statement issued by the firm, Jenner managing partner Susan Levy was sanguine about the firm’s financial performance last year. “Jenner & Block’s revenues and profits have increased substantially over the last several years," Levy said in the statement. "Our 2011 financial results were the highest in the firm’s history. Our 2012 numbers are flat or only slightly below those of 2011. We are pleased with our 2012 results and look forward to a strong 2013." Jenner’s 2012 results appear to lag behind the average of what other large law firms achieved last year according to a survey released this week by Wells Fargo Private Bank’s Legal Specialty Group.
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