In Carter Phillips’ first year as chair of Sidley Austin, the firm notched growth of greater than 7 percent in both gross revenue, to $1.6 billion, and net income, to $547 million. Profits per partner and revenue per lawyer rose approximately 4 percent, to $1.875 million and $945,000, respectively, according to The American Lawyer’s reporting.
At the same time Sidley expanded substantially on three fronts— nabbing a 10-partner securities regulation group from Bingham, plucking 29 Dallas lawyers from Weil, Gotshal & Manges and building a 25-lawyer Singapore office within a year of obtaining a coveted license last February.
