Baker Botts Posts Big Drop in Revenue and Income in 2017 Following Year of Big Contingency Fees
The firm's revenue dropped 13.5 percent and its net income fell 24.3 percent in 2017. But its 2016 results were unusually high, boosted by big contingency fees.
March 02, 2018 at 04:00 PM
3 minute read
Baker Botts's gross revenue dropped 13.5 percent and its net income fell 24.3 percent in 2017—a year after the firm posted record results boosted by big contingency fees.
“Last year, we had a once-in-a-blue-moon result, said Andrew Baker, the firm's managing partner. “This is strong, steady growth.”
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