Debevoise Hits $1B Revenue Mark, Driven by Demand Growth
The firm's revenue spiked 13%, as did its profits per equity partner.
February 24, 2020 at 12:00 PM
5 minute read
The original version of this story was published on The American Lawyer
Debevoise & Plimpton's revenue rose nearly 13% last year and its profits per partner grew by an even greater amount to $3.7 million, as the full-service firm boosted its head count in New York and overseas while raising revenue per lawyer.
The firm's revenue rose from $929 million to about $1.05 billion in 2019, driven by a combination of growth in its transactional and disputes practices, presiding partner Michael Blair said. Profits per equity partner rose 13.4%, from $3.27 million to $3.7 million, and revenue per lawyer rose 4.2%, hitting $1.48 million.
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