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2025 Law Firm Financials

Firm Revenue RPL PPP Lawyers ...
arousing irate ape station
  01/23/26
McDermott
arousing irate ape station
  01/23/26
Mine was just over a mil. Probably double that this year.
claret resort useless brakes
  01/23/26
Sheppard Mullin
arousing irate ape station
  01/26/26
Steptoe
arousing irate ape station
  01/29/26
Finnegan
arousing irate ape station
  01/29/26
Troutman
arousing irate ape station
  01/31/26
WilmerHale
arousing irate ape station
  02/06/26
Baker Botts
arousing irate ape station
  02/10/26
Jenner Block
arousing irate ape station
  02/11/26
do baker hostetler
Appetizing principal's office
  02/11/26
Proskauer
MisterX
  02/20/26
Crowell
MisterX
  02/20/26
Norton Rose
MisterX
  02/20/26
whats typical billables for biglaw these days?
SkaddenArse
  02/20/26


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Date: January 23rd, 2026 5:53 PM
Author: arousing irate ape station

Firm Revenue RPL PPP Lawyers

McDermott $2.99b(34%) $1.79(4.75%) $5.17(12.6%) 1,676(?)

Proskauer $1.58(13.8%) $1.91(5.9%) %5.02(12.6%) 829(7.5%)

WilmerHale $1.61(0.6%) $1.63(1.5%) $3.4(6%) 983(-0.9%)

JennerBlock $783(15%) $1.67(12%) $3.35(18%) 468(2%)

Sheppard $1.38b(13.7%) $1.34(6.5%) ? 1,020(6.8%)

Troutman $1.85b(NA) $1.16(NA) $1.85(NA) 1,595(NA)

Norton Rose $2.84b(16.4%) $842(13.6%) $2.06(27%) 3,365(2.3%)

BakerBotts $843(2.8%) $1.32(1.4%) $2.95(2.2%) 638(1.4%)

Steptoe $583m(10%) $1.3(10%) $2.39(15%) 428(0.1%)

Finnegan $370m(5.9%) $1.27(2.6%) $1.63(19.7%) 292(3.2%)

Crowell $743m(18.8%) $1.17(12.1%) $1.68(37.1%) 634(6%)

(http://www.autoadmit.com/thread.php?thread_id=5825639&forum_id=2Reputation#49612912)



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Date: January 23rd, 2026 5:54 PM
Author: arousing irate ape station
Subject: McDermott

McDermott, Will & Schulte posted a combined revenue of $2.99 billion in 2025, the firm said, with chair Ira Coleman calling it a “defining year for our firm.”

The total revenue includes both the combined performance last year of McDermott, Will & Schulte, a firm created through an August 2025 merger, as well as each legacy firm's individual performance in the first seven months of the year.

The 2025 merger was a deal between Schulte Roth & Zabel and the much larger McDermott Will & Emery, which had more than three times Schulte’s headcount.

https://www.law.com/americanlawyer/2026/01/23/in-defining-year-for-mcdermott-revenue-reaches-nearly-3b/

(http://www.autoadmit.com/thread.php?thread_id=5825639&forum_id=2Reputation#49612913)



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Date: January 23rd, 2026 6:04 PM
Author: claret resort useless brakes

Mine was just over a mil. Probably double that this year.

(http://www.autoadmit.com/thread.php?thread_id=5825639&forum_id=2Reputation#49612918)



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Date: January 26th, 2026 5:31 PM
Author: arousing irate ape station
Subject: Sheppard Mullin

Bolstered by marquee matters including representation of Fox Corp. mogul Rupert Murdoch in a trust dispute and Hollywood studio Village Roadshow Pictures during its bankruptcy, Sheppard Mullin’s gross revenue for fiscal year 2025 was $1.38 billion, up roughly 13.7% from $1.21 billion last year.

https://www.law.com/americanlawyer/2026/01/26/sheppard-mullin-surpasses-13b-in-revenue-in-2025/

(http://www.autoadmit.com/thread.php?thread_id=5825639&forum_id=2Reputation#49621400)



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Date: January 29th, 2026 11:28 AM
Author: arousing irate ape station
Subject: Steptoe

Washington, D.C.-based Steptoe saw double-digit revenue and profit gains in 2025, with gross revenue up 10% to $583.2 million and average profits per equity partner up over 15% to $2.39 million, according to preliminary financial reporting by The American Lawyer.

https://www.law.com/nationallawjournal/2026/01/29/steptoe-sees-double-digit-revenue-growth-reaching-583-million-in-2025/

(http://www.autoadmit.com/thread.php?thread_id=5825639&forum_id=2Reputation#49630107)



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Date: January 29th, 2026 11:28 AM
Author: arousing irate ape station
Subject: Finnegan

After a year of slow growth in 2024, Finnegan, Henderson, Farabow, Garrett & Dunner rebounded in 2025, as profits per equity partner soared 19.7% to $1.6 million.

A continued focus on global intellectual property work brought the firm's net income up 9.1% to $129.3 million in fiscal year 2025, after seeing a 2.9% downturn the prior year, and gross revenue rose 5.9% to $370.1 million.

https://www.law.com/americanlawyer/2026/01/29/rising-demand-for-global-ip-work-pushes-finnegans-pep-up-nearly-20-/

(http://www.autoadmit.com/thread.php?thread_id=5825639&forum_id=2Reputation#49630108)



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Date: January 31st, 2026 10:44 AM
Author: arousing irate ape station
Subject: Troutman

In its first full year operating as a merged firm, Troutman Pepper Locke earned $1.85 billion in gross revenue and $776 million in net income.

The firm launched at the start of 2025, built on a combination between Troutman Pepper Hamilton Sanders (itself the product of a 2020 merger between Atlanta’s Troutman Sanders and Philadelphia’s Pepper Hamilton) and Texas-based Locke Lord.

https://www.law.com/americanlawyer/2026/01/30/in-first-year-post-merger-troutman-pepper-locke-rakes-in-185b-in-revenue/

(http://www.autoadmit.com/thread.php?thread_id=5825639&forum_id=2Reputation#49635407)



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Date: February 6th, 2026 10:28 PM
Author: arousing irate ape station
Subject: WilmerHale

Wilmer Cutler Pickering Hale and Dorr managed to increase its gross revenue by 0.6% to $1.61 billion in 2025, despite its court battle with the Trump administration last year over an executive order targeting the firm.

Overall, as Wilmer’s head count remained essentially flat at 992 lawyers, the firm’s revenue per lawyer rose 1.5% to $1.63 million last year. Meanwhile, the firm’s equity partner ranks declined by over 9% to 230 equity partners. That contributed to the firm's average profits per equity partner rising nearly 6% to $3.4 million, according to preliminary financial reporting from The American Lawyer.

https://www.law.com/americanlawyer/2026/02/06/wilmer-saw-revenue-rise-to-161-billion-despite-fighting-trump-eo-in-court/

(http://www.autoadmit.com/thread.php?thread_id=5825639&forum_id=2Reputation#49652691)



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Date: February 10th, 2026 1:53 PM
Author: arousing irate ape station
Subject: Baker Botts

Baker Botts posted record revenue of $843.2 million in 2025, up 2.8%, but net income dipped slightly, as the Houston-founded firm invested in significant lateral hiring and technology improvements, including AI, in 2025.

https://www.law.com/texaslawyer/2026/02/10/baker-botts-set-another-revenue-record-in-2025-but-net-income-slipped-with-investments-in-laterals-technology/

(http://www.autoadmit.com/thread.php?thread_id=5825639&forum_id=2Reputation#49661140)



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Date: February 11th, 2026 9:12 AM
Author: arousing irate ape station
Subject: Jenner Block

Jenner & Block saw another year of double-digit growth in 2025, increasing revenue by nearly 15% to $783.5 million. Meanwhile, average profits per equity partner rose by about 18% to $3.35 million, amid a 4% decline in the firm's equity partner tier.

Jenner’s revenue per lawyer rose over 12% to $1.67 million, even with a modest rise in attorney headcount, growing over 2% to about 468 lawyers in 2025. And the firm’s net income increased 13.5% to $338.77 million last year, according to preliminary financial reporting.

https://www.law.com/nationallawjournal/2026/02/11/jenner--block-sees-another-double-digit-growth-year-in-revenue-profits/

(http://www.autoadmit.com/thread.php?thread_id=5825639&forum_id=2Reputation#49662755)



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Date: February 11th, 2026 9:35 AM
Author: Appetizing principal's office

do baker hostetler

(http://www.autoadmit.com/thread.php?thread_id=5825639&forum_id=2Reputation#49662785)



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Date: February 20th, 2026 10:46 AM
Author: MisterX
Subject: Proskauer

Proskauer Rose saw another double-digit year in revenue and profit growth. The firm's revenue grew by 13.8% to $1.58 billion in 2025, while average profits per partner, amid a slight decline in equity partners, crossed the $5 million mark by jumping 12.6%.

Even as Proskauer's headcount was up 7.5% overall, hitting 829 full-time equivalent attorneys, its revenue per lawyer rose by 5.9% to $1.91 million, while net income was up 9.5% to $707.82 million.

https://www.law.com/americanlawyer/2026/02/20/proskauer-revenue-surges-by-14-while-pep-crosses-5m-amid-growth-in-funds-ma-and-finance-/

(http://www.autoadmit.com/thread.php?thread_id=5825639&forum_id=2Reputation#49682439)



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Date: February 20th, 2026 10:50 AM
Author: MisterX
Subject: Crowell

Crowell & Moring reported double-digit growth in its revenue and profits in 2025, driven by what firm leadership calls an “outsized performance” from the firm’s contingency docket and an uptick in the firm’s base business.

Crowell had an almost 19% increase last year in its gross revenue, rising to $743.9 million. Meanwhile, average profits per equity partner rose over 37% to $1.68 million, amid a slight decline in the equity tier, and the firm’s net income increased by 32% to $182.8 million.

https://www.law.com/nationallawjournal/2026/02/19/buoyed-by-contingency-fee-wins-crowell--moring-sees-nearly-19-spike-in-revenue/

(http://www.autoadmit.com/thread.php?thread_id=5825639&forum_id=2Reputation#49682477)



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Date: February 20th, 2026 11:02 AM
Author: MisterX
Subject: Norton Rose

Norton Rose Fulbright's finances flourished in 2025 as the firm boosted every major financial metric by double digits in the U.S. and globally.

Global gross revenue rose for the third year in a row to $2.8 billion, a 16.4% increase. Revenue per lawyer increased 13.7% to $842,000, and profits per equity partner went up 27% to $2 million — even as total lawyer head count went up 2.3% and equity partner head count rose 1.3%.

The results were even better in the U.S., where the firm increased gross revenue by 23.2% to $1.2 billion, added 16.4% to RPL at $1.4 million, and bumped PEP up by 32% to $2.7 million, as U.S. head count rose 4.6%

https://www.xoxohth.com/post.php?parent_thread_id=5825639&forum_id=2

(http://www.autoadmit.com/thread.php?thread_id=5825639&forum_id=2Reputation#49682555)



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Date: February 20th, 2026 12:29 PM
Author: SkaddenArse

whats typical billables for biglaw these days?

(http://www.autoadmit.com/thread.php?thread_id=5825639&forum_id=2Reputation#49682818)