| Turnover: | £280.2m |
| Profit per equity partner: | £588,000 |
| Revenue per lawyer: | £434,000 |
| Total number of lawyers: | 666 |
After several troubled years, Vinson & Elkins shot back to glory with a 12 per cent increase in turnover, to £280.2m, and a 20 per cent rise in average profit per equity partner (PEP), to £588,000.
The firm broke through two crucial milestones in 2005, surpassing half-billion dollar barrier for gross revenue and the $1m (£549,000) mark for PEP.
The real highlight for the firm was the marked increase in PEP, helped no doubt by the fact it had only two more equity partners at year-end 2005 than it did in 2004.
Unfortunately for Vinson, however, it had to endure another year of Enron-related financial hits - and headlines - in 2006. The firm was mentioned as chief legal adviser to Enron in every US media report and partner Max Hendrick was a witness during the trial of chief executives Ken Lay and Jeffrey Skilling.
The firm shelled out £16.5m ($30m) to settle Enron-related civil litigation claims, while it wrote off some £2.2m ($4m) in unpaid fees. The firm remains party to a separate shareholder litigation suit, which seeks billions from Vinson and other financial institutions and advisers to Enron.
The firm has completed its China offering with a September 2006 launch in Hong Kong. The opening followed the Vinson's launch in Shanghai in late 2005.
Vinson reshuffled its Asian offering in late 2004 when it closed in Singapore, but almost simultaneously opened in Tokyo.
The London office, which was the worst hit by the collapse of Enron, has survived the upheaval, and the firm bolstered its international dispute practice by transferring co-head Jim Loftis to London.
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