Baker & McKenzie reported record revenue on Monday of $2.54 billion for the fiscal year ending June 30, a 5 percent jump from a year earlier, positioning it to take the top spot on The American Lawyer’s Global 100 ranking this fall.
The firm claims to be the first to break the $2.5 billion barrier since the global financial crisis. Baker & McKenzie’s profits per equity partner rose to $1.29 million, a 7 percent increase over the year before, even as the firm increased its head count. Net income rose to $910 million from $862 million, an increase of 5.6 percent. Revenue per lawyer was $600,000, up from $590,000 for a 1.7 percent increase.
