McDermott Will & Emery Achieves Record $2.23 Billion Revenue with Increased Profits per Partner

McDermott Will & Emery has reported a significant financial milestone for the firm, as its revenue surpassed the $2 billion mark for the first time, reaching $2.23 billion. Despite a slight decrease in the number of attorneys employed, down by 1% to 1,336 lawyers, the firm’s average profits per equity partner (PEP) recorded a notable increase, climbing by 21.7% to $4.58 million. This accomplishment comes alongside a 17.2% rise in revenue per lawyer, now standing at $1.67 million. Furthermore, amid an expansion of equity partners, the firm’s net income saw a 27% surge, amounting to $964.4 million. For further analysis, visit The American Lawyer.