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Joe Conroy, Cooley CEO

Cooley posted its 11th straight year of revenue growth in 2020, with a 16.8% increase bringing the firm’s top line to $1.55 billion, three times the firm’s 2010 earnings.

Revenue per lawyer grew just under 10%, while profits per equity partner climbed by 25.4% to $3.18 million. The firm grew profits even as the ratio between equity and nonequity partners remained steady: the firm’s nonequity partnership, accounting for slightly less than one-third of Cooley’s 328 partners, was almost entirely unchanged from 2019.

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Dan Packel

Dan Packel covers change and innovation in the legal services market, and writes a weekly briefing for Law.com, "The Law Firm Disrupted," on these subjects. He is based in Philadelphia. Contact him at [email protected] On Twitter at @packeld

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