Related:
• Energy Work Drives Firms’ Financials
• Who’s Hiring Lawyers? Texas Law Firms Growing, Shrinking
• Financial Charts: Gross Revenue, Profits Per Partner, Net Income, Revenue Per Lawyer
• The Texas 100
 

 

Akin Gump Strauss Hauer & Feld

Dallas
Firmwide Lawyer Count: 806 

2012 Stats
Gross Revenue: $775.0 million Up 0.6%
Net Income: $267.5 million Down 3.8%
Revenue Per Lawyer: $960,000 Down 1.5%
Profits Per Partner: $1,540,000 Down 8.6%

Notable in 2012
According to chairwoman Kim Koopersmith:
Hot Texas Laterals — hired seven partners for Dallas office in capital markets, corporate, white collar, bankruptcy/restructuring and commercial litigation
Office Growth — opened offices in Hong Kong and Singapore and moved offices to larger spaces in Abu Dhabi, United Arab Emirates and Moscow
Revenue — $5 million increase due to activities across many practice areas

Andrews Kurth

Houston
Firmwide Lawyer Count: 348

2012 Stats
Gross Revenue: $286.0 million Up 5.9%
Net Income: $109.0 million Up 6.9%
Revenue Per Lawyer: $820,000 Up 5.8%
Profits Per Partner: $1,170,000 Up 12.5%

Notable in 2012
According to managing partner Bob Jewell:
Strong Practices — energy, but capital markets and mergers-and-acquisitions lawyers very busy
Not Just an Energy Play — firm’s top five clients include one in energy business, one in insurance/health care sector and a technology company
Conservative Financial Mindset — as in past several years, firm prepaid 2013 expenses with 2012 revenue

Baker Botts

Houston
Firmwide Lawyer Count: 700

2012 Stats
Gross Revenue: $575.5 million Down 1%
Net Income: $249 million Down 3.3%
Revenue Per Lawyer: $820,000 Down 1%
Profits Per Partner: $1,360,000 Down 2.2%

Notable in 2012
According to managing partner Andrew Baker:
Strong Practice Areas — energy and high technology
2012 Trend — firm opened offices in Brussels and Rio de Janeiro, expanded in Palo Alto
Taking Care of Business — next year will stay aggressive but not necessarily open more offices

Bracewell & Giuliani

Houston
Firmwide Lawyer Count: 432

2012 Stats
Gross Revenue: $325.0 million Up 19.7%
Net Income: $127.5 million Up 49.1%
Revenue Per Lawyer: $750,000 Up 16.3%
Profits Per Partner: $1,450,000 Up 42.2%

Notable in 2012
According to managing partner Mark Evans:
Expansion Effort — two major lateral-hire groups — public finance from Vinson & Elkins and energy from Dewey & LeBoeuf — boosted revenue
Big Guns — revenue from the firm’s clients who provide more than $5 million in revenue annually increased by $50 million in 2012
Big Practice Areas — busy energy clients led to increased deal flow, and litigation was strong, particularly in white-collar crime defense

Brown McCarroll

Austin
Firmwide Lawyer Count: 69

2012 Stats
Gross Revenue: $39.5 million Up 6.8%
Net Income: $15 million Up 25%
Revenue Per Lawyer: $570,000 No Change
Profits Per Partner: $555,000 Up 24.7%

Notable in 2012
Strong Practice Areas — litigation, transactional and heath care
Diversity — with 55 lawyers, including 10 minorities, Brown McCarroll’s Austin office was one of seven Austin firms to score an "A" for diversity in a survey by three local minority bar associations
Headcount Effect — the firm added four lawyers overall, which bumped up gross revenue and increased profits per partner, since the number of equity partners stayed the same

Carrington, Coleman, Sloman & Blumenthal

Dallas
Firmwide Lawyer Count: 56

2012 Stats
Gross Revenue: $ 45.5 million Down 9.0%
Net Income: $19 million Down 13.6%
Revenue Per Lawyer: $815,000 Up 0.6%
Profits Per Partner: $680,000 Down 10.5%

Notable for 2012
Headcount Impact — lawyer count decrease of 9.7 percent meant less gross revenue, but revenue per lawyer was up slightly
Busy Practice Areas — securities, director-and-officer issues, business litigation, real estate, and oil and gas
Active Clients — Morgan Keegan, Cottonwood Financial, USI Holdings Corp.

Chamberlain, Hrdlicka, White, Williams & Aughtry

Houston
Firmwide Lawyer Count: 108

2012 Stats
Gross Revenue: $73.5 million Up 13.1%
Net Income: $34.0 million Up 23.6%
Revenue Per Lawyer: $680,000 Up 9.7%
Profits Per Partner: $810,000 Up 18.2%

Notable in 2012
According to managing shareholder Wayne Risoli:
Big Drivers for Success — associates billed considerably more hours in 2012 compared to 2011, and shareholder collection rate improved to 96.2 percent from 92 percent
Busy Practice Areas — corporate, tax, estate planning, employee benefits, energy and litigation
Tale of the Tape — firm’s most successful financial year ever

Cox Smith Matthews

San Antonio
Firmwide Lawyer Count: 117

2012 Stats
Gross Revenue: $55.5 million Down 9.0 %
Net Income: $17.0 million Down 17.1 %
Revenue Per Lawyer: $475,000 Up 1.1%
Profits Per Partner: $380,000 Down 10.6%

Notable in 2012
According to managing director James "Jamie" Smith Jr.
Collections — gross revenue and net income were down because a number of clients deferred payment to 2013 instead of paying during fourth quarter of 2012
Long-term Payoff Hopes — the firm invested more than the norm in contingent-fee litigation
Busy — energy and energy litigation practices were very active, the corporate group had a "solid" transactional year, and significant real estate transactions kept real estate finance lawyers busy

Fulbright & Jaworski

Houston
Firmwide Lawyer Count: 790

2012 Stats
Gross Revenue: $585.5 million Down 2.0%
Net Income: $245.5 million Down 2.2%
Revenue Per Lawyer: $740,000 No Change
Profits Per Partner: $780,000 Down 2.5%

Notable in 2012
According to Ken Stewart, chairman of the firm’s executive committee:
Late Uptick — mergers and acquisitions activity increased in fourth quarter due to 2013 tax changes
Headcount Effect — fewer lawyers meant less gross revenue, while revenue per lawyer held steady
Big Events — elected new chairman and negotiated June 1, 2013 merger with London-based Norton Rose

Gardere Wynne Sewell

Dallas
Firmwide Lawyer Count: 223

2012 Stats
Gross Revenue: $140.5 million Down 6.0 %
Net Income: $51.5 million Down 6.4 %
Revenue Per Lawyer: $630,000 Down 2.3 %
Profits Per Partner: $840,000 Up 0.6 %

Notable in 2012
According to managing partner Steve Good:
Strong Practice Areas — energy, antitrust, real estate, hospitality and insurance coverage
2012 Trend — the firm kept investing in contingent fee cases, which resulted in the drop of the firm’s gross revenue
Payback — one of those contingent fee cases resulted in more than a $500 million award for one of the firm’s clients

Godwin Lewis

Houston
Firmwide Lawyer Count: 70

2012 Stats
Gross Revenue: $65.5 million Up 31%
Net Income: $34 million Up 47.8%
Revenue Per Lawyer: $935,000 Up 31%
Profits Per Partner: $2,835,000 Up 48%

Notable in 2012
According to chairman and CEO Don Godwin:
Strong Practice Areas — litigation related to energy, commercial, family law, trust and estates, banking, fiduciary responsibilities, health care, and nursing homes.
Disaster Impact — representing Halliburton Co. in litigation stemming from the Deepwater Horizon oil spill was an "important part" of the firm’s work, but litigators were busy on many other matters
2012 Trend — No offices opened
Taking Care of Business — Looking to hire "shareholder level litigation" attorneys

Haynes and Boone

Dallas
Firmwide Lawyer Count: 489

2012 Stats
Gross Revenue: $313 million Up 2.6%
Net Income: $106.5 million Up 1.4%
Revenue Per Lawyer: $640,000 Up 3.2%
Profits Per Partner: $770,000 No Change

Notable in 2012
According to managing partner Terry Conner:
Strong Practice Areas — corporate, intellectual property, real estate and energy
2012 Trend — the firm added lawyers in locations outside of Texas, while the attorney count inside the state remained stable
Expansion Area — Latin America, especially Brazil, where the firm wants to grow a robust practice

Jackson Walker

Dallas
Firmwide Lawyer Count: 328

2012 Stats
Gross Revenue: $203.0 million Up 4.6%
Net Income: $80.5 million Up 3.9%
Revenue Per Lawyer: $620,000 Up 2.5%
Profits Per Partner: $855,000 Up 6.2%

Notable in 2012
According to managing partner C. Wade Cooper:
The Drivers — corporate, real estate, energy and labor practices
The Revenue Story — revenue up for 12 of 14 practice areas
Efficiency Is Key — the firm emphasized getting time entered, bills out, bills collected, and keeping overhead low, so it can maintain billing rates that are a bit lower than the competition

Kane Russell Coleman & Logan

Dallas
Firmwide Lawyer Count: 83

2012 Stats
Gross Revenue: $40.0 million Up 2.6%
Net Income: $14.5 million No Change
Revenue Per Lawyer: $480,000 Down 6.8%
Profits Per Partner: $855,000 No Change

Notable in 2012
Major Practice Areas — litigation, real estate, bankruptcy
Looking East — Chinese practice benefited from Chinese-speaking lawyers
Major Clients — include Compass Bank, the Republic Group and Union Pacific Railroad

Kelly Hart & Hallman

Fort Worth
Firmwide Lawyer Count: 133

2012 Stats
Gross Revenue: $70 million Up 8.5%
Net Income: $41.5 million Up 8.1%
Revenue Per Lawyer: $525,000 Up 2.9%
Profits Per Partner: $770,000 No Change

Notable in 2012
According to managing partner Dee Kelly Jr.:
Strong Practice Areas — litigation, energy, real estate and corporate
2012 Trend - 
managing expenses and staff costs to keep the firm profitable
Tarrant County Is King — Keeping the firm Fort Worth focused has always mattered more than expansion. "We recognize the legal landscape is changing around us. But we’re still focusing on what we do best."

Locke Lord

Dallas
Firmwide Lawyer Count: 516

2012 Stats
Gross Revenue: $428.5 million Up 3.0%
Net Income: $161.0 million Up 7.0%
Revenue Per Lawyer: $830,000 Up 7.8%
Profits Per Partner: $1,065,000 Up 2.9%

Notable in 2012
According to chairwoman Jerry Clements:
Busy, Busy, Busy — consumer finance, real estate investment trust, energy, real estate, finance, healthcare and white-collar crime defense were hottest practice areas
Looking East — Asia practice robust
Expansion — firm added several new practice areas including consumer finance, privacy and security data, securitization and structured finance, and tax controversies

Looper Reed & McGraw

Houston
Firmwide Lawyer Count: 117

2012 Stats
Gross Revenue: $58.5 million Up 27.2 %
Net Income: $21 million Up 133.3%
Revenue Per Lawyer: $500,000 Up 20.5%
Profits Per Partner: $780,000 Up 45.8%

Notable in 2012
According to president and managing director J. Cary Gray:
Superlative — best year ever in both hourly and contingent-fee work
Bottom Line Help — firm cut overhead costs by $1 million with improved bidding process
Strong Practice Areas — litigation and energy

Munsch Hardt Kopf & Harr

Dallas
Firmwide Lawyer Count: 111

2012 Stats
Gross Revenue: $59.0 million Up 4.4%
Net Income: $20.5 million Down 2.4%
Revenue Per Lawyer: $530,000 Down 2.8%
Profits Per Partner: $640,000 Up 0.8%

Notable in 2012
According to chairman and CEO Glenn Callison:
Revenue Comeback — rebound in transactional practices, particularly in real estate
New Practice Group — added construction law practice in Austin office
Delayed Results — lawyer count up 7.8 percent but new hires and laterals require ramp-up time before billings materialize

Porter Hedges

Houston
Firmwide Lawyer Count: 98

2012 Stats
Gross Revenue: $72.0 million Down 6.5%
Net Income $33.5 million Down 16.3%
Revenue Per Lawyer: $735,000 Down 5.8%
Profits Per Partner: $955,000 Down 9.5%

Notable in 2012
According to managing partner Rob Reedy:
Practice Area Highlights — litigation strong in intellectual property, construction and energy; bankruptcy was busy; and capital markets practice was down
Late Heat — finance group hectic during fourth quarter handling 40 deals for 17 clients
Big Payouts — increased non-equity partner compensation by 30 percent due to successes of young partners

Strasburger & Price

Dallas
Firmwide Lawyer Count: 208

2012 Stats
Gross Revenue: $90.5 million Up 19.1%
Net Income: $29.5 million Up 13.5%
Revenue Per Lawyer: $435,000 Down 3.3%
Profits Per Partner: $410,000 Up 5.1%

Notable in 2012
According to managing partner Dan Butcher:
Strong Practice Areas — every one of the firms practice areas was up, save for bankruptcy
2012 Trend — the firm added lawyers to keep up with clients’ needs, boosting full-time equivalent headcount by 12 percent
Single Size Workspace — firm began process of moving all lawyers into equal-size offices

Susman Godfrey

Houston
Firmwide Lawyer Count: 95

2012 Stats
Gross Revenue: $120 million Down 4 %
Net Income: $86.5 million Down 3.9%
Revenue Per Lawyer: $1,265,000 Down 7.0%
Profits Per Partner: $1,490,000 Down 0.7%

Notable in 2012
According to co-managing partner Neal Manne:
Strong Practice Areas — general commercial litigation, including patent and IP, antitrust and price fixing, and cases related to the energy industry, particularly about pipelines
2012 Trend — growing in all existing offices with no new offices planned
Fee Report — fees from hourly billing were up, fees from fixed-fee billing were up substantially, and contingent fees declined slightly because of the timing of receipt of fees from settlements and judgments

Thompson & Knight

Dallas
Firmwide Lawyer Count: 281

2012 Stats
Gross Revenue: $207.0 million Up 3.5%
Net Income: $90.5 million Up 9.7%
Revenue Per Lawyer: $735,000 Up 7.3%
Profits Per Partner: $985,000 Up 6.5%

Notable in 2012
According to managing partner Emily Parker:
Powered Up — energy work and litigation, especially in intellectual property area, helped boost firm’s revenues
End-of-the-Year Boost — fiscal cliff concerns and changes in federal tax law made for a busy fourth quarter

Expansion Benefit — the firm opened Los Angeles office and added laterals including collateralized mortgage-backed securities group in New York City office

Thompson Coe Cousins & Irons

Dallas
Firmwide Lawyer Count: 127
 

2012 Stats

Gross Revenue: $38.5 million Up 2.7%
Net Income: $10 million No Change
Revenue Per Lawyer: $305,000 Up 7.0%
Profits Per Partner: $325,000 Up 4.8%

Notable in 2012
According to managing partner Jack Cleaveland:
Strongest Practice Areas— litigation, especially insurance defense work
2012 Trend — dealing with third-party legal-bill reviewers who seek to reduce legal costs "even though it may not be justified."
Over 60 years in the Business — "We’re not the typical insurance defense firm. We handle sophisticated matters. And national clients come to us for their needs in Texas."

Vinson & Elkins

Houston
Firmwide Lawyer Count: 677

2012 Stats
Gross Revenue: $592.0 million Down 2.6%
Net Income: $241.0 million Down 8.7%
Revenue Per Lawyer: $875,000 Up 4.2%
Profits Per Partner: $1,470,000 Up 8.5%

Notable in 2012
According to chairman T. Mark Kelly:
Management Focus for 2012 — profitability and productivity
Busy Practices — capital markets, energy transactions, mergers and acquisitions, finance, intellectual property, commercial litigation, environmental, labor and employment
Headcount — public finance group departed in January, but firm did strategic lateral hiring in project finance, complex commercial litigation, tax, intellectual property, fund formation and environmental

Winstead

Dallas
Firmwide Lawyer Count: 284

2012 Stats
Gross Revenue: $171.5 million Up 12.1%
Net Income: $86.5 million Up 12.3%
Revenue Per Lawyer: $605,000 Up 2.5%
Profits Per Partner: $840,000 Up 9.1%

Notable in 2012
According to chairman and CEO Kevin Sullivan:
Rush to the Finish — practice areas including finance, banking, wealth preservation and real estate posted very robust fourth quarters
Record-setting — gross revenue was the highest in firm’s 40 years
Texas Connection — energy and environmental practices busy all year long