Still buoyed by its trustee work for Bernard Madoff investors, Baker & Hostetler posted strong financial gains across the board in 2015, with gross revenue rising 9.4 percent, to $633.5 million. Profits per equity partner jumped 14.8 percent, to $930,000, while revenue per lawyer rose 6.1 percent, to $700,000.
Though the increase in partner profits is significant, the firm did not quite match its performance in 2013, when equity partners on average received $935,000. In 2014 PPP fell 13.4 percent, largely because of a sizable settlement the firm paid to the trustee of now-defunct Howrey over a matter brought to Baker & Hostetler by a group of former Howrey partners.
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