Washington, D.C.-founded Covington & Burling reported revenue growth of 6.3% in 2019, pushing the firm’s gross revenue to $1.187 billion and completing a 10-year window under former chairman Timothy Hester in which the firm roughly doubled in size from its $586 million mark in 2010.
Profits per equity partner were up from 2018, increasing by about 4% to $1.8 million per partner despite growth in the equity partner tier. But as Covington added lawyers firmwide, revenue per lawyer went down 2.6% to $1.068 million.
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