After suffering a rare drop-off in gross revenue the previous year, Bingham McCutchen made a return to topline growth in 2012, according to The American Lawyer‘s reporting.
Bouncing back from a 0.5 percent dip in total revenue in 2011 that ended a 15-year run of topline gains, Bingham saw its gross revenue rise 0.4 percent last year, from $868.5 million to $872 million—just $1 million below the all-time high the firm achieved in 2010. Bingham’s net income also increased in 2012, growing almost 2 percent to a record $282.5 million. Profits per partner, however, fell 1.5 percent, to $1.69 million, thanks to a 3.1 percent jump in equity partner head count to 167. Revenue per lawyer, which climbed above $1 million for the first time in 2011, dropped 4.4 percent to $970,000 last year. The firm’s profit margin remained static at 32 percent.
