Net income at Andrews Kurth improved by 6.9 percent in 2012, compared to 2011, and average profits per partner in the Houston-based firm jumped by 12.5 percent.
Net income was $109 million in 2012 and PPP were $1,170,000.
The firm’s gross revenue was $286 million, up 5.9 percent compared to 2011, and revenue per lawyer was $820,000, up 5.8 percent compared to the previous year.
"Our results were driven by activity levels, really, across all the practice groups and offices," says Robert Jewell, the firm’s managing partner.
"We’re pleased to be where we are," he says.While the firm does a lot of work for energy companies, Jewell says the firm’s client roster is diverse. Among the firm’s five top clients are an energy client, an insurance/health-care client and a technology client, he says.
"It’s not all energy, and we saw an increase in capital markets activity and an increase in M&A activity," he says.
The firm had 348 full-time equivalent lawyers in 2012, down one lawyer from 2011.
The firm’s Texas offices are in Austin, Dallas, Houston and The Woodlands, and other offices are in London, Durham, N.C., Washington, D.C., Beijing, and New York City.
This report is part of Texas Lawyer‘s coverage of the 2012 financial results of the 25 highest-grossing Texas-based firms as part of the AmLaw 100 and Second Hundred reports. The American Lawyer, a Texas Lawyer affiliate, will publish full results for the AmLaw 100 in May. The Am Law Second Hundred will be published in June. An interactive chart of the financial results reported so far is available here. The chart will be updated as additional data is reported.