Washington, D.C.-based Steptoe saw double-digit revenue and net income growth, expanding its gross revenue by 13.4% to $493 million, while its net income rose about 24% in 2023, according to preliminary financial reporting by The American Lawyer.

Even as the equity tier expanded, profits per equity partner rose about 16% to $1.91 million. And amid lateral growth, Steptoe’s total full-time equivalent head count rose about 4% to around 396 lawyers last year and revenue per lawyer climbed more than 8% to $1.2 million.