August 13, 2022

Editor’s note: This is part of a series of articles detailing how law firms fared financially in 2021, leading up to the Am Law 100 report on April 26 and the Am Law 200 report on May 24. The full collection is available here.

Revenue ticked up at Baker Botts in 2021 as net income slipped, but revenue per lawyer improved by 8.6% and profits per equity partner went up by 10% as the firm focused on executing the strategy it rolled out in 2020.

Baker Botts YOY financial chart

That strategy, managing partner John Martin said, is focused on the sectors and practices that provide robust economic opportunities, such as building on the firm’s strength in energy, intellectual property, technology, antitrust, environment and life sciences, and further expanding in private equity.

“Our revenue number is at an all-time high, other than in two years when we had extraordinary fees. From a core revenue perspective, we are continuing our trajectory of improvement,” Martin said. ”We are very pleased with how we performed in 2021.”

Revenue at Baker Botts reached $723.2 million in 2021, up 1.8% when compared with $710.8 million in 2020. Revenue per lawyer (RPL) improved by 8.6%, coming in at $1.074 million, compared…

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