Covington & Burling chairman Timothy Hester said last year that a 2015 dip in partner profits shouldn’t be taken too seriously, since the firm was “building for the future.” The latest numbers seem to prove him right.
Revenue per lawyer hit $1 million for the first time in Covington’s most recent fiscal year, which ended Sept. 30. Gross revenue was $838.5 million, up $96 million, or about 13 percent, from the year before. In head count, the firm grew by 45 lawyers to 838.
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