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Debevoise & Plimpton’s revenue rose nearly 13% last year and its profits per partner grew by an even greater amount to $3.7 million, as the full-service firm boosted its head count in New York and overseas while raising revenue per lawyer.

The firm’s revenue rose from $929 million to about $1.05 billion in 2019, driven by a combination of growth in its transactional and disputes practices, presiding partner Michael Blair said. Profits per equity partner rose 13.4%, from $3.27 million to $3.7 million, and revenue per lawyer rose 4.2%, hitting $1.48 million.

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Jack Newsham

Jack Newsham writes about the New York legal community and the business of law, including law firm finance and management and the battle for talent. Email him at jnewsham@alm.com and find him on Twitter @thenewsham.

 

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