A string of headline-grabbing cases didn’t have much impact on Steptoe & Johnson’s bottom line in 2016. Although the Washington, D.C.-based firm handled high-profile matters including Volkswagen’s criminal case and a President Donald Trump deposition, its gross revenue was basically flat, at $356 million in 2016.
Neither revenue per lawyer nor profits per partner budged from the year before. RPL was about $955,000 and PPP was about $940,000 last year. Net income, representing profits distributed to equity partners, fell by $8 million, to $109,500, a 7 percent difference from the prior year.
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