Profit and revenue went up for the second year in a row, delivering an average payout to equity partners of $1.73 million—up 18 percent from 2009. Especially notable was the 22 percent profit increase, which followed a 15 percent increase in 2009, a year when most Am Law 100 firms reported flat revenue and sagging profits.

“We stayed true to our high-value strategy,” said the firm’s chairman, Robert D. Hays. An 8 percent increase in revenue per lawyer, to $905,872, supports him.