McGuireWoods reported a significant increase in revenue for 2024, attributing the growth to rising demand and improved productivity. The firm’s gross revenue rose by 9% to reach $1.1 billion. Despite a nearly 3% rise in its equity partner count, now totaling 206 partners, McGuireWoods enhanced its profitability. Net income increased by 15%, amounting to $474 million, while average profits per equity partner (PEP) rose by 11.8% to $2.3 million.
Further details on McGuireWoods’ financial performance can be accessed through the National Law Journal.