Jenner & Block’s financial performance leveled off in 2016 as gross revenue dipped and head count spiked following two years of strong financial growth.
Gross revenue fell 1.6 percent from a year ago, to $457.5 million. With a nearly 12 percent increase in head count, revenue per lawyer fell 11.7 percent, to $940,000. Managing partner Terrence Truax said much of the head count growth was attributable to a decision to hire nonpartner track lawyers who handle discovery and other litigation work that some firms outsource.
