When the powers that be at Alston & Bird drew up the firm’s budget in the fall of 2009, they did so conservatively, projecting that revenue would be at best flat. But the firm’s revenue exceeded expectations, growing by $20 million. Managing partner Richard R. Hays attributed the firm’s growth in a tough economy to a three-year strategic plan that led Alston to open offices in Texas and California, while expanding practice areas where it anticipated a healthy future. The revenue particularly benefited equity partners, who for two consecutive years pocketed reduced payouts. In 2010, they recouped: Average partner profit soared, taking shareholders well above the $1 million mark.

R. Robin McDonald

*Variances shown are in comparison to 2009.

MONEY
Revenue $571,150,000 3.62%
Revenue per lawyer $719,695 11.07%
Profit per partner $1,209,906 33.63%
LAWYERS
Total lawyers 793.6 57.05
Atlanta lawyers 393.33/49.6% 7.67
Partners 347.8 11.83
Equity partners 140.92 11.88
Atlanta size rank among firm’s offices No. 1

Clients

AstraZeneca AB, Bank of America, California ISO, The Coca-Cola Co., Credit Suisse, Dell Inc., Dow/Union Carbide, DuPont, Graphic Packaging International Inc., Honda Cos., JPMorgan Chase & Co., Koch Industries, McKesson Corp., Morgan Stanley, Nokia, Prudential, Synovus Financial, Toyota Motor Sales, UnitedHealth, UPS, USA Inc., Wells Fargo & Co.

Offices