Debevoise & Plimpton Rides Client Demand to New Highs
Despite the departures of prominent rainmakers at the end of 2017, the firm saw big increases in 2018.
March 13, 2019 at 04:47 PM
4 minute read
The original version of this story was published on The American Lawyer
Riding a rising tide of client demand, Debevoise & Plimpton reached new revenue and profit highs last year.
The New York firm's gross revenue increased 13 percent in 2018 to $929 million. Revenue per lawyer jumped 8.8 percent to $1.4 million, while profits per equity partner climbed to $3.265 million, an increase of 15.5 percent over 2017.
Presiding partner Michael Blair attributed the firm's financial performance to demand growth across most of its core practice areas, priority industries and important geographies.
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