Still making money from the wind-down of Bernard Madoff’s massive Ponzi scheme, Baker & Hostetler saw gross revenue increase slightly in 2016, the first year after the firm moved to an all-equity partnership model.
Baker & Hostetler saw revenue rise 1.4 percent last year, to $642.5 million. The year of modest financial growth for the Cleveland-based firm saw its revenue per lawyer remain flat at $700,000, as head count rose to 920 from 905 in 2015.
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