IN-DEPTH RESEARCH REPORT
on McGuireWoods LLP
- - Financial Information
- - Compensation
- - Billing Rates
- - Lateral Partner Moves
- - Pro bono
- - Key Contacts
- Designation: Richmond
- Head Count: 941
- Gross Revenues: $599,500,000
- Revenue Per Lawyer: $635,000
- Profits Per Partner: $945,000
- Year Over Year Change: 2
While its roots go back to 1834, McGuireWoods needed 150 years before it branched out beyond Virginia (it opened a Washington, D.C., office in 1984). But once it did, the firm did so in style, merging with a long list of other firmsmany of them small, regional outfits, but others, like 155lawyer Ross & Hardies, with which McGuireWoods merged in 2003, boast substantial multioffice practices in prime locations like New York and Chicago. Today McGuireWoods counts nearly 900 lawyers in 19 offices (including Brussels and London). It ranked fiftyfourth on the 2011 Am Law 100, with $532 million in revenue.
The Richmondbased firm may regularly fall outside the top 100 firms on profits per partner and average partner compensation, but it fared better than many of its peers during the economic crisis. Indeed, McGuireWoods ranked third of 84 firms on The American Lawyers Recession Performance Index, which looked at how firms performed between 2007 and 2009, a particularly trying period for the industry. During that period of time, revenue at McGuireWoods actually increased by a compound annual growth rate of 11 percent (lawyer head count and profits per partner made healthy gains as well). The firms 2011 revenue jumped by 7 percent over the previous year, and net income by a robust 9 percent, bolstered by busy health care, energy, government investigations, and transactional practices.
Not faring quite as well is the firms record on diversity. It ranked 128th of 194 firms in 2011, with minorities accounting for less than 6 percent of U.S. partners. Pro bono marks are middling, too: McGuireWoods came in 144th of 200 firms on The American Lawyers 2011 survey, with the average lawyer performing just 22 hours of annual pro bono work (more than 100 hours below the industrys leaders).
The firm has been an enthusiastic proponent of alternative fee arrangementsa factor that may have served it well during the downturn. It has also created a D.C.based public affairs arm, McGuireWoods Consulting, to assist clients who want to bend the ears of legislators. Among the groups advisers is former Indiana governor and senator Evan Bayh. One person you probably wont spot around the McGuireWoods offices, however, is golfer Tiger Woods. The firm represented his exwife in their divorce.
Updated as of 1/1/12
|Survey||Rank||Year Over Year Change||Description|
|Am Law 100||51||2||Gross revenue|
|Am Law 200||51||2||Gross revenue|
|NLJ 250||26||3||Lawyer head count|
|The A-List||NR||N/A||Overall excellence|
|Pro Bono Scorecard||144||15||Pro-bono commitment|
|Diversity Scorecard||133||5||Minority head count|
|Midlevel Associates Survey||NR||N/A||Job satisfaction|
|Summer Associates Survey||NR||N/A||Summer programs|
In the News
Greg Land : Daily Report : May 20, 2013
Following a series of judicial rulings that dramatically reduced the scope of a multicount legal malpractice case down to a single claim, a Fulton County jury found no liability against Atlanta attorney Louis Cohan and his former firm, now-defunct Weinstock & Scavo.
: The National Law Journal : May 13, 2013
Saranac Hale Spencer : The Legal Intelligencer : May 8, 2013
A proposed class action lawsuit alleging Citizens Bank violated the Electronic Fund Transfer Act has survived a motion to dismiss in federal court.
: The National Law Journal : May 6, 2013
U.S. Supreme Court Justice Stephen Breyer underwent "reverse shoulder replacement surgery" after falling from his bike. Plus: breaking tradition at the FCC, DOJ's fee fight in FOIA suit, a battle for an open hearing, Jason Collins nods to the Supreme Court, new members for the AG Advisory Committee, and a brief Twitter presence in this week's column.
Diane Jeantet : The Am Law Daily : May 3, 2013
Littler Mendelson hires another batch of attorneys from Ogletree, Deakins, Nash, Smoak & Stewart; Kaye Scholer adds a former New York State Supreme Court justice to its litigation practice; and Davis Wright Tremaine picks up three attorneys. The Churn is constant. Please send all announcements to firstname.lastname@example.org.
: New York Law Journal : April 10, 2013
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: The National Law Journal : April 8, 2013
The following cases were recently filed in the Washington-area district courts. This information is provided by the district courts' official online bulletins.
: Daily Report : April 5, 2013
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Julie Kay : Daily Business Review : April 4, 2013
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