It appears the honeymoon at newly combined Faegre Baker Daniels is still going strong.
The product of a January 1, 2012, tie-up between Minneapolis-based Faegre & Benson and Indianapolis-based Baker & Daniels, the merged firm had gross revenue of $443 million in its first year of existence. That sum surpassed by 3 percent the $430 million in combined gross revenue the legacy firms earned in 2011 (Faegre’s $254.5 million plus Baker’s $175.5 million). Faegre Baker recorded profits per partner of $700,000, above both Faegre’s 2011 PPP of $540,000 and Baker’s 2011 PPP of $680,000. Revenue per lawyer, meanwhile, was $650,000 in 2012, compared to the $600,000 and $640,000, respectively, that Faegre and Baker took in the previous year.
