- Baker Collects Record Annual Revenue of $2.3B, Keeps Its Position as Top-Grossing Law Firm
Baker Collects Record Annual Revenue of $2.3B, Keeps Its Position as Top-Grossing Law Firm
Posted Aug 28, 2012 9:07 AM CDT
By Debra Cassens Weiss
Baker & McKenzie remains the world’s top-grossing law firm with revenues this past fiscal year reaching a record high of $2.313 billion.
The revenues announced today exceed those of No. 2 firm DLA Piper by $66 million, the Am Law Daily reports. The total represents a 2.1 percent increase over last year and is due mostly to gains in Latin America and Asia, according to a press release.
Meanwhile, profits per equity partner dropped to $1.09 million, compared to $1.2 million last fiscal year.