Sidley Sees Gains in Revenue, Partner Profits as Equity Tier Dips
The firm has seen its revenue grow by close to $1 billion since 2011.
March 04, 2020 at 02:12 PM
5 minute read
The original version of this story was published on The American Lawyer
Sidley Austin continued its streak of revenue growth into a ninth year, finishing 2019 with solid gains in gross revenue and profits per equity partner.
The Chicago-based law firm grossed $2.337 billion last year, a 5.3% increase from 2018. The rise the firm saw in profits per equity partner was nearly double that—a 10.5% increase to $2.82 million—though that was spread across a smaller equity partnership. Since 2011, Sidley has seen its overall revenue increase by nearly $1 billion, a point the firm's leadership touted.
"We have a phrase around here—'built to win'—that we've been using over the last year or so," said Larry Barden, the chair of the firm's management committee. "When you look at the decade, we built pretty exceptional breadth and depth across our global platform."
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