Hughes Hubbard's Revenue, Profits Spike

Add Hughes Hubbard & Reed to the short list of blessed law firms for 2009. Not only did the 280-lawyer firm hold steady during a year of extraordinary economic turbulence, but it made double-digit gains in gross revenue and profits per partner. Hughes Hubbard posted a 10 percent increase in gross revenue (from $251.8 million in 2008 to $277 million in 2009). Moreover, profits per equity partner rose 9.7 percent (from $1.34 million in 2008 to $1.47 million in 2009). And revenue per lawyer also increased nicely by 5 percent (from $943,000 in 2008 to $990,000 last year).

Hughes Hubbard's Revenue, Profits Spike law.com Mon, Feb 1, 2010