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Sheppard Mullin’s Gross Revenue Growth Continues
The Recorder
The California-based firm saw its gross revenue rise 8.5 percent in 2016, to $607 million, the 26th consecutive year of revenue growth by Sheppard Mullin, said its chairman Guy Halgren.

 

Growth Surge Ends at Debevoise, But Ex-Partners Return
The Am Law Daily
Debevoise & Plimpton saw its gross revenue, profits per partner and revenue per lawyer and head count drop in 2016. The firm started off 2017 by bringing back former partner and litigation leader Mary Jo White as senior chair.

 

Kasowitz Reports Down Year; Trims Firm Name as Ex-Partner Assumes Ambassador Post
The Am Law Daily
Kasowitz, Benson, Torres & Friedman is now just Kasowitz Benson Torres. Name partner David Friedman left the firm to become the new ambassador to Israel under the Trump administration. The name change comes as the firm reports a down year in 2016.

 

Revenue Creeps Up, Partner Profits Dip at Kilpatrick
Daily Report
Gross revenue inched higher at Kilpatrick last year, rising 1.2 percent to $416.5 million.

 

Mintz Levin Continues Growth in 2016, Topping 2015′s Record Year
The Am Law Daily
Mintz Levin credits strong lateral hires and a focus on collaboration across practice areas and offices.

 

Still in Growth Mode, Squire Patton Boggs Boosts Partner Profits
The Am Law Daily
Squire Patton Boggs edged total revenues closer to the $1 billion mark and boosted average partner profits to nearly $1 million in 2016, in what global managing partner Steve Mahon called the firm’s “best year ever.”

 

Wilmer Grows Partner Profits, Trims Head Count as California Beckons
The National Law Journal
Wilmer Cutler Pickering Hale and Dorr pruned attorney head count but kept revenue stable last year, as high-profile clients from Washington, D.C., to California turned to the firm to keep regulators and courtroom adversaries at bay.

 

Steady Growth Name of the Game for Paul Hastings
The Am Law Daily
The firm, in the midst of a major revamp of its office space around the country, saw a continued increase in all major financial metrics in 2016.

 

Kramer Levin’s Partner Profits Reach Nearly $2M
The Am Law Daily
The 320-lawyer firm reported $353 million in gross revenue, a 6 percent increase over the $332 million that it posted in 2015. Revenue per lawyer also rose to $1.1 million.

 

Vinson & Elkins Has ‘Best Year Ever’ in 2016, Reports Record Financial Results
Texas Lawyer
The Houston-based firm’s profits per partner exceeded the $2 million mark in 2016.

 

Gibbons Revenue Decreases 5.1 Percent; PPP Up 1.3 Percent
New Jersey Law Journal
Gibbons’ gross revenue declined in fiscal 2016—thanks in large part to a multimillion-dollar payday that didn’t come, according to its managing partner—but saw equity partner earnings tick up and attorney population level off after some attrition in recent years.

 

Duane Morris Grows Revenue 4.6 Percent, PPP 4.4 Percent
The Legal Intelligencer
Even with cost-conscious clients keeping industrywide demand in check, Duane Morris edged forward in 2016, hitting new highs for revenue and profits per equity partner.

 

Husch Blackwell Revenue Soars, Partner Profits Slip After Merger
The Am Law Daily
Last year’s big merger with a Wisconsin firm translated into big revenue gains for Husch Blackwell.

 

Arent Fox Joins Millionaires’ Club in Partner Profits
The National Law Journal
Arent Fox has kept up a growth streak that few other Big Law firms can match.

 

Revenue Slips Slightly at Morris Manning After Record Year
Daily Report
Morris Manning & Martin, which celebrated its 40th anniversary last year, posted modest decreases in revenue and profit for 2016 after landmark gains the year before.

 

MoFo’s Financials Took a Dip in 2016
The Recorder
After ticking upward in 2015, Morrison & Foerster saw its financial performance slide last year. Gross revenue at the firm fell 3.5 percent, to $945 million, as revenue per lawyer and profits per partner also dropped to $990,000 and $1.41 million, respectively.

 

Choate Posts Record Revenue, Profit After 5th Consecutive Year of Growth
The Am Law Daily
Choate Hall & Stewart reported record-high revenue and profit in 2016 and its revenue per lawyer is now among the highest of any law firm based in the U.S.

 

Perkins Coie Posts Solid Growth in Revenue, Profits
The Am Law Daily
Perkins Coie posted solid financial growth in 2016, with gross revenue edging up 4.3 percent to $781 million while profits per equity partner grew by 7.3 percent to just less than $1.2 million.

 

DLA Piper’s Revenue Falls on Post-Brexit Currency Slump, but New Approach Sees Profits Rise
The Am Law Daily
The decline in gross revenue was caused entirely by currency exchange rates and did not reflect what the firm called a “very solid” year.

 

Saul Ewing Revenue Down 1.6 Percent, PPP Down 5.6 Percent
The Legal Intelligencer
Revenue and profits suffered in 2016 as litigation activity slowed and two contingency fees came in later than expected.

 

After Partner Split, Schiff Hardin’s Revenue Tumbles
The Am Law Daily
A traumatic departure of more than 20 partners and a $32 million contingent fee earned in 2015 conspired to send gross revenue plummeting to $222 million at Schiff Hardin last year.

 

O’Melveny & Myers Reports Strong Revenue and Income Growth in 2016
The Am Law Daily
In Asia, the 648-lawyer firm saw several departures across offices last year, but chair Brad Butwin says his firm remains committed to the region.

 

Amid Hiring Spree, An Up-and-Down Year at Orrick
The Recorder
Orrick, Herrington & Sutcliffe saw its head count rise in 2016, although the size of its equity partnership fell. The mixed bag extended to the firm’s financials, as gross revenue grew, although profits per partner and revenue per lawyer both declined.

 

Revenue Up, But Head Count Growth Stalls Other Mayer Brown Metrics
The Am Law Daily
Mayer Brown’s gross revenue inched up in 2016, to $1.26 billion, while its lawyer ranks ballooned 5.2 percent. The firm’s equity partnership also grew by 3.1 percent last year.

 

Jenner & Block Sees End to Two-Year Bull Run
The Am Law Daily
The Chicago-based firm, well-known for its commitment to pro bono work, saw its financial performance level off in 2016 as gross revenue dipped and head count spiked following three years of strong financial growth.

 

Pillsbury’s Financials Rebound, But Firm Leader Wants More
The Recorder
The firm, having broken off merger talks with Chadbourne & Parke more than a year ago, saw improvement in several key financial metrics in 2016. While the number of equity partners dropped at Pillsbury Winthrop Shaw Pittman, the firm saw gains in gross revenue, partner profits and revenue per lawyer.

 

McElroy Revenue Inches Up 0.4 Percent, PPP Climbs 11.2 Percent
New Jersey Law Journal
McElroy, Deutsch, Mulvaney & Carpenter saw revenue and attorney population stay essentially flat in fiscal 2016, though fewer equity partners meant a jump in profits per equity partner.

 

Blank Rome Boosts Revenue 22 Percent Amid Major Growth Spurt
The Legal Intelligencer
Blank Rome hit the accelerator in 2016, posting big revenue gains as it added more than 100 lawyers from a failing firm and lured lateral hires from several competitors.

 

Bryan Cave’s Revenue Dips Again, But PPP and RPL Rise
The Am Law Daily
The Am Law 100 firm, having entertained a number of potential mergers in recent years, saw its gross revenue slip for the third year in a row in 2016. But Bryan Cave’s other financial metrics were up.

 

Seyfarth Grows Revenue, Profits as Lean Investment Pays Off
The Am Law Daily
A larger Seyfarth Shaw was able to grow its top and bottom lines in 2016, as gross revenue rose nearly 6 percent, to $623.5 million, while profits per partner bumped up nearly 3 percent, to $1.05 million.

 

Fried Frank’s Revenue, Profit Hit Record Highs After ‘Best Ever’ Year
The Am Law Daily
Fried, Frank, Harris, Shriver & Jacobson had what global chair David Greenwald described as its best ever year in 2016, with the firm posting record numbers across all key metrics.

 

Steep Losses Gripped Kaye Scholer Before Arnold & Porter Merger
New York Law Journal
Kaye Scholer’s financial performance took a remarkable beating in its last year as an independent law firm. But managing partner Michael Solow called the 2016 declines a natural result of strategic pruning ahead of the firm’s merger with Arnold & Porter at year’s end.

 

Arnold & Porter Weathered Declines Ahead of Kaye Scholer Deal
The National Law Journal
Financial results for Washington, D.C.-based Arnold & Porter slipped for a second straight year as it prepared for its January merger with New York’s Kaye Scholer.

 

Greenberg Traurig Makes Steady Gains in 2016
Daily Business Review
The firm plans to concentrate on efficiency and profitability in 2017.

 

Akerman Reports Continued Growth in Revenue and Adds Lawyers
Daily Business Review
Akerman, one of Florida’s largest law firms, added 33 lawyers to its national total last year and lifted revenues to an all-time high of $349 million.

 

Gibson Dunn Continues Two Decades of Growth, With Revenue Surpassing $1.6B in 2016
The Am Law Daily
Gibson, Dunn & Crutcher also posted profits per partner of $3.27 million and net income of $977.5 million.

 

Gross Revenue, Net Income Up at Haynes and Boone
Texas Lawyer
Tim Powers, managing partner of the Dallas-based Haynes and Boone, said the firm added laterals in 14 of 15 offices in 2016.

 

Partner Profits Break $1M in Another Big Year for Troutman Sanders
Daily Report
Troutman Sanders posted healthy revenue gains that helped push profits per partner over $1 million for the first time.

 

Solid Finances Buoyed Sutherland Amid Eversheds Talks
Daily Report
Sutherland Asbill & Brennan grew both profits and revenue in its final year before going global.

 

Jackson Walker Posts Big Gains in Income and Revenue
Texas Lawyer
Gross revenue improved by 11.3 percent at Dallas-based Jackson Walker in 2016, compared with 2015, and net income jumped by 26.2 percent.

 

After Flat Year, Winston & Strawn Ratchets Up Lateral Hiring
The Am Law Daily
Winston & Strawn had a relatively stagnant financial year in 2016, as gross revenue increased slightly, to $823 million, while partner profits rose to nearly $1.83 million.

 

Carlton Fields Reports Decline in Revenue and Income
Daily Business Review
Carlton Fields’ net income dropped by nearly 20 percent, and profit per equity partner fell 16 percent.

 

Bracewell’s Revenue Drops, But Income and Partner Profits Rise
Texas Lawyer
While gross revenue at Houston-based Bracewell dropped 6.6 percent in 2016 compared with 2015, net income improved by 1.7 percent.

 

Goodwin Nears $1B Revenue Mark as Partner Profits Stay Flat
The Am Law Daily
Gross revenue at Goodwin Procter hit $912 million, but revenue per lawyer and profits per partner dipped slightly amid rising head count.

 

Revenue Up, Profits Down at Wilson Sonsini
The Am Law Daily
The firm’s gross revenue ticked up 2.7 percent, but revenue per lawyer and profits per partner both declined during what managing partner Doug Clark calls “a year when we invested in the business.”

 

Reed Smith Revenue Down 4.3 Percent, PPP Up 0.5 Percent
The Legal Intelligencer
In what firm leadership called a “solid” 2016, Reed Smith held profits per equity partner and revenue per lawyer steady amid declines in head count and overall revenue.

 

Hogan Lovells Boosts Revenue 6 Percent While Profits Remain Flat
The National Law Journal
The international verein felt the impact of Brexit and D.C.’s shifting regulatory tradewinds, while reaping the benefit of some strong deal work.

 

Polsinelli Saw Strong Revenue Growth in 2016, But Partner Profits Dropped With Addition of 44 Lawyers
The Am Law Daily
Polsinelli’s revenue grew, but profits per partner dropped as a result of a mass hire from IP boutique Novak Druce.

 

Thompson & Knight Posts Gains in Revenue and Income
Texas Lawyer
Following a strong 2015, gross revenue improved by 2.9 percent at Dallas-based Thompson & Knight in 2016, and net income increased by 3.5 percent compared with the prior year.

 

McGuireWoods Revenue Up 4 Percent Following Lateral Additions
The National Law Journal
The firm opened an office in San Francisco last year and boosted its business with help from a 2015 lateral partner, George Terwilliger III.

 

Drinker Biddle Grows Revenue, PPP 6 Percent
The Legal Intelligencer
Two years into new leadership, Drinker Biddle & Reath saw a second year of increases in revenue and profits per equity partner (PPP) in 2016.

 

Latham Has Another Outstanding Year, With Revenue Surpassing $2.8B
The Am Law Daily
Latham & Watkins increased its gross revenue in 2016 for a seventh consecutive year.

 

Sidley Keeps Revenue, Profits Rising Despite Tougher Market
The Am Law Daily
The firm’s growth didn’t quite match recent years, but its leaders say they’re not complaining.

 

Deals, Restructuring Drive ‘Best Year Ever’ for Davis Polk
The Am Law Daily
The firm posted a 5 percent increase in gross revenue and a solid 7.5 percent bump in profits per equity partner in 2016.

 

Fish & Richardson’s Revenue and Profits Up After ‘Really Strong Year’
The Am Law Daily
A significant increase in contingency fee income helped Fish & Richardson continue its growth in 2016, with the firm posting solid gains in both revenue and profit.

 

Holland & Knight Sees Strong Growth in Revenue and Income
Daily Business Review
Holland & Knight continued to show strong growth in 2016, with an 8 percent gross revenue increase that resulted in a higher-than-projected net income of $238.5 million.

 

Milbank Tweed Reports ‘Outstanding’ Results for 2016
The Am Law Daily
Marking a fourth straight year of strong financial growth, Milbank, Tweed, Hadley & McCloy posted a double-digit percentage increase in gross revenue in 2016, as profits per equity partner topped $3 million.

 

Munsch Hardt’s Revenue and Profit Rose in ‘Fantastic’ Year
Texas Lawyer
With all practices busy, Munsch Hardt Kopf & Harr of Dallas posted big increases in gross revenue and net income in 2016 compared with the year before.

 

Reversing Profit Decline, Covington Posts Double-Digit Growth
The National Law Journal
In 2016, Covington & Burling raised billing rates to match its competitors and reaped rewards from a long-term strategy.

 

BuckleySandler Eyes Challenges in New Agency Era
The National Law Journal
The firm says it grew the amount of work it billed in 2016, and forecasts demand that could help the firm survive the Trump administration.

 

Locke Lord’s Revenue Down But Income Up
Texas Lawyer
Gross revenue declined by 6.4 percent in 2016 at Dallas-based Locke Lord, but net income improved by 11.1 percent with lawyers in many practice areas very busy.

 

Slow Collections Drag on Growth at Steptoe
The National Law Journal
A string of headline-grabbing cases didn’t have much impact on Steptoe & Johnson’s bottom line in 2016.

 

Deals, Restructuring Drive ‘Best Year Ever’ for Davis Polk
The Am Law Daily
Davis Polk & Wardwell saw healthy growth in revenue and partner profits in 2016, despite capital markets headwinds and uncertainty in European and Asian markets.

 

White & Case Posts Gains as Transatlantic Push Continues
The Am Law Daily
The firm reached a new revenue high amid plans to grow to 500 lawyers in both New York and London.

 

On Upward Trajectory, Akin Gump Invests in Regulation, Policy
The Am Law Daily
Akin Gump Strauss Hauer & Feld, which just inked a deal for a new office lease in Washington, D.C., saw gross revenue rise $50 million last year, to $980 million, while profits per partner hit the $2.1 million mark. The firm’s total head count slipped slightly in 2016.

 

Cooley’s Tech Clients Buoyed Firm’s Finances in 2016
The Recorder
The firm saw its gross revenue surge by more than $60 million in 2016, to $974 million, while profits per partner rose by nearly $1 million, to almost $1.97 million. Head count at Cooley hit 854, an increase of more than 50 lawyers from 2015.

 

King & Spalding Hits New Megafirm Milestone
Daily Report
The firm passed the 1,000-lawyer mark in 2016, while revenue edged up and profit per partner slipped slightly due to a significant addition of equity partners.

 

Andrews Kurth Kenyon Saw Small Drop in Revenue But Increased Income in 2016
Texas Lawyer
Net income improved by 2.2 percent in 2016 at Houston-based Andrews Kurth Kenyon, which added a large group of IP lawyers late in the year.

 

Lowenstein Revenue Grows 1.8 Percent; PPP Inches Up 1 Percent
New Jersey Law Journal
Lowenstein Sandler saw incremental increases in gross revenue and average equity partner compensation in 2016, even as attorney head count stayed essentially flat.

 

Amid Departures, Pepper Hamilton Revenue Drops 10 Percent, PPP Down 28 Percent
The Legal Intelligencer
Firm leaders said double-digit declines were misleading, but there are signs that partners are unsettled.

 

Alston & Bird Boosts Revenue, Head Count
Daily Report
Several big litigation matters and a steady stream of transactional work power the firm’s solid gains.

 

A Smaller Cadwalader Sees Revenue Drop, Profits Rise
The Am Law Daily
Cadwalader, Wickersham & Taft saw its revenue decline in 2016 amid partner defections and office closures. But managing partner Patrick Quinn pointed to higher profits as a sign that the firm’s tighter focus on core clients and practices is paying off.

 

Greenspoon Marder’s Growth Surge Extended Into 2016
Daily Business Review
Greenspoon Marder’s net income shot up 42.3 percent in 2016 and gross revenues increased 17.2 percent as the firm expands in both corporate work and in the national legalized marijuana sphere.

 

McCarter Revenue Up 1.7 Percent, PPP Jumps 11.9 Percent
New Jersey Law Journal
Despite a net loss in attorney population, McCarter & English saw year-over-year revenue improvement while the firm’s profitability metrics increased more dramatically.

 

Crowell & Moring Sees Big Lift in Profits, Revenue
The National Law Journal
Profits per partner were up a whopping 40 percent in 2016.

 

Shutts & Bowen’s Revenue and Income Up in 2016
Daily Business Review
Shutts & Bowen’s gross revenue rose by $4 million to $151 million in 2016, and had a whopping 97 percent realization rate.

 

Cozen O’Connor, in Growth Mode, Sees Revenue Bump
The Legal Intelligencer
Cozen O’Connor boosted revenue by more than 10 percent in 2016, as the firm continued to reap the benefits of acquisitions and lateral hires, as well as demand that bucked industry trends.

 

Ballard Spahr Sees Small Revenue Bump as Profits Stay Flat
The Legal Intelligencer
Ballard Spahr experienced slight revenue growth and flat profits in 2016, making the best of what the firm said it knew would be a challenging year.

 

Revenue, Profits Soar at Baker Botts Amid Contingency Wins
Texas Lawyer
Boosted by some big contingency fees and strategic investments, Houston-based Baker Botts posted a record year in 2016, with revenue up 20.2 percent compared with 2015, and profits per partner up 36.6 percent.

 

Weil Sees Big Gains in Profits, Revenue
The Am Law Daily
Weil, Gotshal & Manges enjoyed strong demand that boosted 2016 revenues, according to executive partner Barry Wolf, bucking the industry trend.

 

Venable Sees Gross Revenue, Partner Profits Rise
The National Law Journal
Now under new leadership, the Baltimore-founded Am Law 100 firm continued its years-long run of increases in several key financial metrics.

 

Dechert Revenues Up 2.4 Percent Amid Modest Rise in Profits
The Legal Intelligencer
Last year at Dechert was “fine,” CEO Henry Nassau said, with a 2.4 percent increase in revenue and 1.6 percent increase in profits per equity partner.

 

GrayRobinson Revenue Up 3.4 Percent, PPP Down 2.2 Percent
Daily Business Review
Florida law firm GrayRobinson added seven partners and saw total revenue increase by 3.4 percent in 2016.