In a year when Faegre Baker Daniels announced a new leadership structure, the firm posted a 5 percent increase in gross revenue and a solid 7.5 percent bump in profits per equity partner.
The firm saw revenue rise to $489.5 million in 2016, as partner profits grew to $860,000. Revenue per lawyer rose 7.2 percent in 2016 to $745,000, as the firm’s total head count dropped from 670 lawyers to 657. Faegre Baker’s net income also increased to $190 million—a 5.3 percent rise compared with 2015.
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