McGuireWoods Revenue Up 4 Percent Following Lateral Additions

McGuireWoods, a global firm rooted in Virginia and Washington, D.C., found some growth in a stagnant legal market last year by looking to laterals.

The firm’s gross revenue grew by about 4 percent, to $682 million in 2016, according to ALM reporting. Revenue per lawyer increased by only $14,000, or 2 percent, to $689,000. The firm said it raised its billing rates last year by less than 3 percent.

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