Firm’s partners see profits jump 15%

The spike sees partners earn nearly US$1m in 2016

Firm’s partners see profits jump 15%
Squire Patton Boggs had a banner year in 2016, with profits per partner jumping 15% to nearly $1m off the back of a 6% increase in the firm’s top line.

Last year, the firm earned US$983m, up US$54m. Revenue per lawyer rose 3% to $670,000, while profits per partner increased to US$975m.

“We have spent the past several years making investments aimed at building a platform that helps our lawyers deliver results for clients, and also attracts new clients and talent to the firm,” said global managing partner Steve Mahon. “We are seeing those investments pay off.”

He said in a statement that contributing to the growth were the firm’s cross-border compliance, regulatory, transactional, and litigation practices.

Squire Patton Boggs, formed three years ago by the merger of Squire Sanders and Patton Boggs, saw lawyer headcount grow to 1,466 worldwide last year, an addition of 40 lawyers. It had 172 equity partners, up by 26. Non-equity partners dwindled to 308, down by 34.

In Australia, the firm has offices in Darwin, Perth, and Sydney. It has 23 partners in the country.

Related stories:
Squire Patton Boggs acts on flagship Perth development
Hall & Wilcox scores SPB employment partner and team

Recent articles & video

ACT Bar Association welcomes new president

Western Australia district court welcomes new judge Mark Ritter

Marque Lawyers partner: 'I want to bring humanity back to the law'

Onboard data company Shift5 appoints inaugural general counsel

Canadian legaltech firm signs up seasoned vet for Australian debut

Federal Court rules registrar can reject ‘abuse of process, frivolous, and vexatious’ applications

Most Read Articles

HSF wins landmark case for insurance company

New CEO steps up at KCL Law

K&L Gates nabs HWL Ebsworth team

W+K expands Adelaide office with six new lawyers