Last year was a year of steady work and few surprises for Troutman Sanders. Revenue dropped slightly and profit per partner dropped slightly more. 2012 was a lower revenue year, but its fair to say it was in line with our expectations, said Stephen Lewis, the firms managing partner. We would have loved for it to look like 2011, but we knew that wasnt a practical expectation. Lewis said the firm knew going into the year that a couple of large contingency fee cases that boosted 2011 revenue were not in the offing in 2012, and there were lulls in activity for several large litigation matters. Transactions slowed deal flow in summer and early fall, Lewis said, in reaction to uncertainty over the presidential election and the so-called fiscal cliff. Deals picked up in November and December, he said.
Reported by Meredith Hobbs
*Variances shown are in comparison to 2011.
MONEY | ||
Revenue | $376,000,000 | 2.6% |
Revenue per Lawyer | $655,000 | 1.6% |
Profit per equity partner | $700,000 | 4.8% |
LAWYERS |
||
Total lawyers | 575 | 22 |
Atlanta lawyers | 179/31% | 12 |
Partners | 272 | 1 |
Equity partners | 190 | 2 |
Atlanta size rank among firms offices | No. 1 |
Clients