Cooley posts double-digit revenue and profit growth in 2018
Cooley saw net income surge 23.9% to $535.6m as revenue rose 14.4% to $1.23bn
February 12, 2019 at 06:04 PM
4 minute read
The original version of this story was published on The Recorder
Cooley, which exceeded the $1bn revenue benchmark for the first time in 2017, has enjoyed another year of record financial results, as net income skyrocketed by nearly 24%.
Fuelled by the strong economic climate last year, Cooley saw revenue surge to $1.23bn, an increase of 14.4% from the $1.07bn it reached in 2017. That translated into revenue per lawyer of $1.3m, an increase of 8.5%.
And as net income grew to $535.6m, profit per equity partner (PEP) rose 14.3% to $2.38m.
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