| Turnover: | £238.7m |
| Profit per equity partner: | £497,000 |
| Revenue per lawyer: | £382,000 |
| Total number of lawyers: | 660 |
Texan firm Baker Botts has been stumbling of late, with a disappointing 2005 effort that saw the firm manage to raise its revenue by just 3.4 per cent to £238.7m ($434.5m). The increase in revenue represented just £7.7m ($14m) over 12 months.
That result came on the back of another sub-par performance for the oil and gas specialist in 2004, during which the firm raised its revenue by 6.5 per cent to £230.7m ($420m).
Average profit per equity partner has also been below average for the firm, but Baker Botts did manage to break the $900,000 (£494.5m) barrier for the first time on the back of a 4.6 per cent increase to £497,000 ($905,000).
The financial performance can, in part, be attributed to the firm's shuffling of its international network. In late 2004 the firm decided to close its Azerbaijan arm and move its lawyers to Moscow.
Baker Botts then launched in Hong Kong in May 2005 and applied in December 2005 for a licence to open in Beijing. At the time of going to press, the firm had not yet secured the necessary licence for a mainland China presence.
In April 2005 the firm announced it was to launch in Dubai, to back up its Riyadh offering on the back of increased large-scale project work, primarily in liquefied natural gas, petrochemical and electric power sectors.
In another blow to the firm's financial performance, a Texan jury awarded a £36m ($65.5m) verdict against the Houston-based firm after a suit brought by a wealthy heiress alleging breach of fiduciary duty.
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