Winston & Strawn’s revenue per lawyer topped $1 million for the first time in 2015, rising 4.6 percent, to $1.015 million. Gross revenue grew 4.2 percent, to $818.5 million. Profits per equity partner increased 7.1 percent, to $1.805 million.
Once again, the Chicago-based firm’s equity partner ranks shrank, falling 7.4 percent, to 146 partners. The size of the equity partnership has declined 27 percent since 2008, getting smaller each year except one when it was unchanged. The number of nonequity partners rose 5.3 percent, to 200. Average compensation to all partners inched up 1.8 percent, to $1.11 million.
