WilmerHale posted increases on its key financial metrics for 2011 in a year characterised by new co-managing partner Bob Novick as “solid”.
Total revenue grew by 3.3 per cent, from $962m in 2010 to $994m the following year, while average profit per equity partner was up 3.5 per cent from $1.33m to $1.376m. Revenue per lawyer at Wilmer also rose that year, by 4 per cent, to $1.124m.
Bob Novick, who along with Susan Murley, took over from Bill Lee and Bill Perlstein as one of Wilmer’s two leaders the month before the results were released, said the relatively small level of growth was a good performance in a difficult economic environment.
The regulatory practice, the hallmark of legacy firm Wilmer Cutler & Pickering in Washington, was “very busy”, Novick said, with several high-profile mandates during 2011, including representing BP in the Deepwater Horizon investigations, JPMorgan Chase in the settlement of high-profile parallel investigations and AT&T on the proposed acquisition of T-Mobile.