Covington & Burling crossed the $1 billion mark in revenue for the first time in 2018, boosting its top line by more than $170 million and enjoying a second straight year of $100 million-plus revenue growth.
Gross revenue increased 18.1 percent last year to nearly $1.12 billion, according to ALM reporting. Revenue per lawyer and partner profits both saw notable upticks even as the total lawyer head count at the firm grew by 79, including 14 more equity partners than in 2017. Revenue per lawyer increased $91,000, approximately 9.1 percent, in 2018, and profits per equity partner grew by $191,000, or 12.1 percent.
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