The firm's London office did well in 2021, according to managing partner John Martin, who added that the firm is hiring in that market. But Baker Botts closed its office in Hong Kong in 2021, abandoning its presence in Asia once and for all. It shuttered its Bejing office the previous year.
March 23, 2022 at 03:59 PM
7 minute read
The original version of this story was published on Texas Lawyer
Editor’s note: This is part of a series of articles detailing how law firms fared financially in 2021, leading up to the Am Law 100 report on April 26 and the Am Law 200 report on May 24. The full collection is available here.
Revenue ticked up at Baker Botts in 2021 as net income slipped, but revenue per lawyer improved by 8.6% and profits per equity partner went up by 10% as the firm focused on executing the strategy it rolled out in 2020.
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Baker Botts YOY financial chart
