McDermott Will & Emery increased its revenue for the third straight year, while shrinking its head count. Last year, it brought in $900 million, up 2.2 percent from the year before; revenue per lawyer rose 4 percent, to $900,000. Profits per partner dropped slightly by 1 percent, to $1.53 million.
McDermott increased its net income 4.5 percent, to $310 million, but PPP fell because the firm increased its equity partners ranks 6 percent, from 192 to 203. The number of nonequity partners stayed essentially flat, dropping by one partner to 368. The total number of lawyers at McDermott fell 2.4 percent, from 1,021 to 997.
