Last year was a comeback year for Troutman Sanders. The firm boosted revenue and profit after a revenue decline and a slight profit increase in 2010. Average profit per equity partner increased at a lower rate than net income because the firm added a net of 14 equity partners. Even so, Troutman’s total head count declined for the second year in a row because of a sharp drop in the nonequity partner head count. The firm reported 83 nonequities55 fewer than the prior year. Troutman’s managing partner, Stephen E. Lewis, said several litigation areas were active and work increased for transactional lawyers. “It’s not back to pre-recession levels, but it’s moving in the right direction,” he said. Lewis said billable hours were up, but declined to say by how much. He said collections improved and the firm raised rates, adding that rate increases “were fairly modest.” Lewis said several factors caused the big drop in nonequity partners. The firm promoted some nonequities to equity status. More partners left last year than in 2010, going in-house, to other firms or retiring, while several others shifted to senior counsel status as they gear down for retirement. The firm also hired fewer lateral partners than in 2010.
Reported by Meredith Hobbs
*Variances shown are in comparison to 2010.
| MONEY | ||
| Revenue | $386,000,000 |  6.2% |
| Revenue per lawyer | $645,000 | 9.3% |
| Profit per equity partner | $735,000 | 4.3% |
| LAWYERS | ||
| Total lawyers | 597 |  18 |
| Atlanta lawyers | 190.5/32% | 12 |
| Partners | 271 | 41 |
| Equity partners | 188 | 14 |
| Atlanta size rank among firms offices | No. 1 | |
Clients
AGCO Corp., Bank of America, Chick-fil-A Inc., Cousins Properties Inc., EarthLink, Episcopal Diocese of Virginia, Georgia Lottery Corp., Google, Novare Group Holdings, Perkins & Marie Callender, Southern Co., Scarbrough Group, Turner Broadcasting System, Twitter, Verizon Communications, Wells Fargo.
Offices
