C. Wade Cooper partner with Jackson Walker Revenue Up at Jackson Walker, But Profits Per Equity Partner Dip With Transactional, Real Estate Work Down
While Jackson Walker, the state's largest Texas-only firm, only grew its revenue by 3.8% in 2023, its lawyer head count grew by 8.4% with substantial lateral hiring.
February 28, 2024 at 03:20 PM
6 minute read
Law Firm Profitability
What You Need to Know
- Revenue at Jackson Walker grew by 3.8% in 2023, but revenue per lawyer dropped by 4.2% and profits per equity partner declined by 9.5% as the firm grew substantially.
- Transactional and real estate work was down in 2023, but litigation was very busy.
- The firm faces litigation related to issues with its bankruptcy practice, after a Houston bankruptcy judge resigned amid controversy over a romantic relationship with a former Jackson Walker partner.
After a string of record years, Jackson Walker posted less spectacular numbers for 2023, improving its revenue by 3.8%, but with substantial lawyer and equity partner head count growth, revenue per lawyer slipped by 4.2% and profits per equity partner dropped by 9.1%, as transactions and real estate work slowed.
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