The positive momentum continues, says Kilpatrick Townsend & Stockton chairman Henry Walker IV, commenting on the firm’s 2014 results, which included a solid 5.9 percent increase in gross revenue, to $411.5 million. The firm saw double-digit growth in several practice areas, he says, including mergers and acquisitions, capital markets, construction, patent prosecution and trademark.
But the biggest jump, a 32.1 percent increase in profits per partner, to $925,000, came courtesy of a change in its equity partnership structure that the firm instituted at the beginning of 2014. Scrapping a bright-line division between equity and income partners, the firm gave all its partners at least some equity interest, albeit in many cases a small one. “It’s a more progressive structure,” Walker says, adding that it’s helped in lateral recruitment.
