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Legal Mag > Blog > Firm Management > McDermott Sees 9% Revenue, PEP Growth, With ‘Recession-Resistant’ Practices
Firm Management

McDermott Sees 9% Revenue, PEP Growth, With ‘Recession-Resistant’ Practices

Press Room
Press Room 1 month ago
Updated 2023/02/24 at 9:44 PM
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While McDermott Will & Emery didn’t hit double-digit growth in revenue for the first time since 2017, the firm did come as close as one can, with 9% revenue growth in a year where its peers saw declines. 

That revenue growth put McDermott at just a hair under the $2 billion mark, sitting at $1.82 billion, up from $1.67 billion in 2021. McDermott also saw 9.2% growth in its average profits per equity partner, hitting a record high of $3.32 million, up from $3.05 million in 2021, as its equity partner tier declined by nearly 5%.

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Press Room February 24, 2023
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