Winston & Strawn has reported a net income increase of over 9%, with its profits per equity partner (PEP) surpassing $3.5 million. The firm’s gross revenue saw a growth of nearly 7% to $1.27 billion, driven by strength in specialized finance, digital assets, high-stakes litigation, and private equity and M&A work. Notably, the firm’s net income reached $410.24 million in 2024, marking a 9.6% rise from the previous year, as reported in Law.com. Despite a 5% increase in lawyer headcount to 932 attorneys, revenue per lawyer experienced a modest 1.7% increase, reaching $1.36 million.
Firm chair Steve D’Amore mentioned a strategic focus on expanding operations in Europe and the U.K., moving attention away from Asia. These regional adjustments reflect the firm’s evolving global strategy as it adapts to new market opportunities and challenges.