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Nixon Peabody’s offices in Washington, D.C. Photo: Diego M. Radzinschi/ALM

After multiple years of financial growth and a record-setting 2018, Nixon Peabody’s financial performance declined in 2019, although firm management attributed the dip to a multimillion-dollar contingency fee in 2018 that added to its bottom line.

The firm’s gross revenue of $505.5 million in 2019 was a 4.7% decline from its high-water mark of $530.6 million in 2018. Net income fell 11.1% to $175.1 million.

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Samantha Stokes

Samantha Stokes, based in New York, is a staff reporter at American Lawyer covering the business of law. You can reach her at [email protected] or on Twitter: @stokessamanthaj.

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