Washington’s legal market grew again in 2013, at least when counting revenues generated by the city’s 25 top-earning law firms. The results show yet another year of gradual increases — this time about 1 percent total, or $75 million more, when assessing combined revenue of the 25 firms — five years after the recession.
The growth in the Washington market is slightly less than the 2.7 percent revenue growth industrywide during the first three quarters of 2013, according to Hildebrandt Consulting and Citi Private Bank in their 2014 client advisory.The top earner of 2013, Hogan Lovells, didn’t achieve the $436 million mark that Arnold & Porter hit in 2012 to top last year’s list. Instead, Hogan led this year’s pack with $420 million in 2013 revenue from its Washington offices, which was about the same as it earned the previous year. Arnold & Porter’s Washington offices dipped 6 percent, to $409 million.
