D.C. Firms by 2014 Financial Results: Emoji Edition
So far this year, the NLJ has covered several financial announcements from D.C.'s largest firms. Why not corral them and a few other firms of interest into one helpful post?
March 26, 2015 at 11:56 AM
4 minute read
Some firms were up, some firms were down and some firms saw little to no change between 2014 and 2013 financial results. It all boils down to a 👍, 👎 or ✋.
So far this year, The National Law Journal has covered several financial announcements from D.C.'s largest firms. Why not corral them and a few other firms of interest into one helpful post?
For the purposes of this blog, we used the thumbs up icon to signify growth of approximately 3 percent or more from 2013 to 2014. The thumbs down indicates more than a 3 percent decrease. The flat-hand symbol means the firm's one-year change was about stagnant.
We intend to offer a snapshot of the choices last year made by D.C.'s leading firms—from whether they saw a need to shrink, pump up profits or found a windfall of work in revenue per lawyer.
A few firms embarked upon an internal restructuring, including Dickstein Shapiro; Steptoe & Johnson LLP; and Finnegan, Henderson, Farabow, Garrett & Dunner, while others enjoyed the riches of the postrecession economy and an active regulatory government.
Onward now as we “memo with pencil,” “banknote with dollar sign,” “smiley face.”
|Covington & Burling
Story: Covington Boasts 16 Percent PPP Growth But Thinks Long-Term
|- Revenue per lawyer: 👍
- Profits per partner: 👍
- Total lawyers: ✋
“By no means do I think that means the job is done.” —chairman Timothy Hester
|Hogan Lovells
Story: Hogan Lovells' Gross Revenue Grows by 3.6%
|- RPL: ✋
- PPP: ✋
- Total lawyers: ✋
“What I really care about most is how we're getting there.” —CEO Stephen Immelt
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