Haynes and Boone posted another record year in 2023, improving revenue by 16.5% and profits per equity partner by 11.4%, as the firm grew significantly and benefited from strong demand across practices including capital markets and M&A for middle-market clients and countercyclical litigation and bankruptcy.

The revenue boost came from broad-based demand from clients, managing partner Taylor Wilson said, as the firm’s rate increases were aligned with the industry. He noted that the firm’s growth in headcount — up 7.7% — and in geography with a new office in Northern Virginia, reflects adherence to the firm’s strategic plan.