Wilmer Cutler Pickering Hale & Dorr reported slight growth in 2008, with revenue and profits per partner increases. The firm’s revenue of $955 million was up 1.2% from one year ago.
The firm, which elected 10 new partners in 2008, reported a small hike in its profits per partner total, reporting $1.08 million, up 1.44% from last year. Revenue per lawyer at the firm was also up this year, with a 5.8% increase to $1,027,000.
Wilmer has a single-tier partnership structure, meaning each lawyer that is elected to partnership becomes a firm owner and pays a capital contribution. This year’s new partnership class is down from the 23 newly elected partners firmwide from a year ago. In Washington, DC, the firm elected four to partnership this year after electing nine a year ago.
While other firms in DC, such as Latham & Watkins, have announced they will be freezing associate pay in 2009, Wilmer says it will move forward with salary increases this year.