Mayer Brown has become the latest US firm to post financial results for 2011, with the Chicago-headquartered firm showing a 2.4 per cent rise in total fee income from $1.107bnto $1.13bn.
Average profit per equity partner rose by 10 per cent, to $1.18m while net profit stood at $323.79m, a margin of 27 per cent.
The financial results are an improvement on the previous year’s performance when both total turnover and average profit remained effectively flat (1 Feb 2011).
The solid global financial performance contrasts with a period of turbulence in Mayer Brown’s London office, which marked the end of the 2011 financial year with the confirmation that it was losing five partners to a variety of firms (16 December 2011).
Financial results for Mayer Brown’s City office have not yet been provided. In 2010 the US firm’s UK revenue was $169.2m.