When fast-growing Cooley boosted its gross revenue by nearly 14 percent in 2015, CEO Joseph Conroy cautioned that corporate activity would likely slow last year and the firm’s partner profits might dip. But that’s not exactly how things turned out in 2016.
Though last year did bring a more challenging economic climate, Cooley’s gross revenue climbed to $974 million, an increase of 6.8 percent. Revenue per lawyer stayed steady at $1.14 million, while profits per partner rose 4.2 percent, to nearly $1.97 million.
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