Tom Fitzgerald, left, and Steve D'Amore, right, of Winston & Strawn. Courtesy photos Winston, Seeing Strength in 'Big Litigation' and Miami Practices, Sets Firm Revenue and Profits Records
Winston has plenty of matters billed on a fixed fee basis or have "tremendous nuance" in billing, said Tom Fitzgerald, while the firm increased billing rates by roughly 7% or 8% overall.
March 26, 2024 at 05:09 PM
4 minute read
Law Firm Profitability
What You Need to Know
- The Chicago-founded firm saw a slight downtick in revenue per lawyer as it grew its head count about 4.6%.
- Incoming firm chair Steve D'Amore noted the firm built up in Miami, and is also looking for more growth internationally.
- 'I think I would not be a prudent leader of the law firm if I said I'm not open to growth opportunities in whatever shape or form they come in,' D'Amore said.
As its litigation and finance practices picked up activity, Winston & Strawn achieved firm records in revenue and profits last year, growing its topline by about 4% to roughly $1.2 billion, and average profits per equity partner by roughly 2.5% to more than $3.2 million.
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