When the powers that be at Alston & Bird drew up the firms budget in the fall of 2009, they did so conservatively, projecting that revenue would be at best flat. But the firms revenue exceeded expectations, growing by $20 million. Managing partner Richard R. Hays attributed the firms growth in a tough economy to a three-year strategic plan that led Alston to open offices in Texas and California, while expanding practice areas where it anticipated a healthy future. The revenue particularly benefited equity partners, who for two consecutive years pocketed reduced payouts. In 2010, they recouped: Average partner profit soared, taking shareholders well above the $1 million mark.
R. Robin McDonald
*Variances shown are in comparison to 2009.
MONEY | ||
Revenue | $571,150,000 | 3.62% |
Revenue per lawyer | $719,695 | 11.07% |
Profit per partner | $1,209,906 | 33.63% |
LAWYERS | ||
Total lawyers | 793.6 | 57.05 |
Atlanta lawyers | 393.33/49.6% | 7.67 |
Partners | 347.8 | 11.83 |
Equity partners | 140.92 | 11.88 |
Atlanta size rank among firms offices | No. 1 |
Clients
AstraZeneca AB, Bank of America, California ISO, The Coca-Cola Co., Credit Suisse, Dell Inc., Dow/Union Carbide, DuPont, Graphic Packaging International Inc., Honda Cos., JPMorgan Chase & Co., Koch Industries, McKesson Corp., Morgan Stanley, Nokia, Prudential, Synovus Financial, Toyota Motor Sales, UnitedHealth, UPS, USA Inc., Wells Fargo & Co.
Offices