American behemoth notches 21st consecutive year of growth

In 2016, revenue surpassed US$1.6bn and profit per equity partner rose to $3.275m

American behemoth notches 21st consecutive year of growth
Gibson, Dunn & Crutcher has achieved its 21st consecutive year of growth with the firm’s gross revenue surpassing US$1.6bn, and profit per equity partner (PEP) growing to US$3.275m, in 2016.

The firm saw all major financial metrics grow in the most recent full fiscal year. Top line grew 4.6%, according to The American Lawyer, while PEP grew 2.8% from US$3.185mn in 2015. Net income increased 3.4% to US$977.5mn while revenue per lawyer grew 2.4% to US$1.295m.

Ken Doran, chairman and managing partner, said that the growth is notable especially given the uncertain environment in 2016 because of factors such as the Brexit vote and US presidential elections uncertainty.

“There were lots of headwinds and yet we managed to navigate through all of that,” Doran told the publication.

Among the firm’s best-performing groups were its transactional practice and its litigation practice. The transactional group advised on deals such as Wal-Mart’s US$3.3bn acquisition of and Microsoft’s US$26.2bn acquisition of LinkedIn. Increased activity in privacy and data security boosted the litigation practice, Doran said.

In 2016, Gibson Dunn grew its lawyer headcount to 1,239 lawyers from 1,212 in 2015. It added two new equity partners, making the pool 299-strong. Its partnership ranks grew 2.1% to 345.

Related stories:
Latham & Watkins posts biggest law firm revenue ever
The Global 100: Here are the law firms swimming in revenue this year

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