There was mixed news on the financial front for McGuireWoods in 2009. Gross revenue and profits per equity partner (PPP) managed to increase last year, but net profits and revenue per lawyer suffered slight drops.
The firm reported gross revenue of $509 million last year, an increase of 6.7 percent from the $477 million registered in 2008. PPP came in at $801,028, a 6.2 percent increase from $754,226 the previous year. PPP managed to rise because of a decline in the number of equity partners from 192 to 175.
The number of lawyers at the firm rose to 856, thanks in large part to its acquisition of London-based Grundberg Mocatta Rakison.
McGuireWoods is an international firm with 18 offices around the world.