While Bracewell posted a 5.3% decline in revenue in 2019, the slimmed-down firm saw revenue per lawyer and profits per equity partner hit all-time highs.

The firm’s gross revenue came in at $284 million for 2019, down 5.3% when compared with $300 million in 2018. But managing partner Gregory Bopp said revenue changed little on a year-to-year basis when accounting for a one-time windfall in 2018: a $20 million in contingency fee.

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