Gibson Dunn: average profits up ten per cent to $1.5m

Washington DC powerhouse Gibson Dunn & Crutcher has unveiled its 2004 financial results with turnover rising by 7.5 per cent to US$693.2m.

At the same time, profits (PEP) at the firm increased by 10.5 per cent to a $1.516 per partner.

Gibson Dunn managing partner Ken Doran told The Lawyer that the profit increase was a result of the firm’s ongoing focus on internal management and cost efficiencies.

Doran said all of the firm’s practice areas contributed to the growth with litigation and the firm’s world-beating antitrust practice leading the charge.

Last year saw the US anti trust firm strengthen its European practice with the addition of new partners in Munich, Paris, London and Brussels.

“We will continue to build in Europe, adding depth and strength where we are in M&A, private equity, capital markets and competition,” said Doran.