King & Spalding
King & Spalding boosted profit for its equity partners while expanding its ranks thanks to a $46 million increase in revenue. We tried hard to grow the law firm in a challenging environment and add to our profitability, said chairman Robert Hays Jr. This is the fourth year in a row weve been able to do that. Even though net income increased 11.6 percent, PPEP increased only 2.6 percent because King & Spalding added 14 partners to its equity ranks. That kept PPEP just below the $2 million mark. Were trying to grow in revenue, as a firm, and in [PPEP]and not choose one or the other, Hays said. King & Spalding recruited 32 lateral partners last year, including 13 partners in the firms non-U.S. offices, especially Singapore, London and Paris. King & Spalding has opened eight offices since 2008including five overseasand Hays said the firm was focused last year on developing these territories. The main tenet is to grow the firm in high-value practices, he said, identifying them as litigation and global disputes, government investigations, regulatory, energy, life sciences, health care, financial institutions and intellectual property.
Reported by Meredith Hobbs
*Variances shown are in comparison to 2011.
|Revenue per Lawyer||$990,000||3.1%|
|Profit per equity partner||$1,985,000||2.6%|
|Atlanta size rank among firms offices||No. 1|
Alcatel-Lucent, Anadarko Petroleum, Bank of America, Beazer Homes, BP, Capital One, Chevron USA, Citigroup, The Coca-Cola Co., Credit Suisse Securities, CVS Caremark Corp., Delta Air Lines, Dow Chemical, Equifax, Ernst & Young, General Dynamics, General Electric Co., Georgia-Pacific Corp., GlaxoSmithKline, Goldman Sachs, Hoffman-LaRoche, Home Depot, KPMG, Lockheed Martin Corp., Medtronic, Merck, Morgan Stanley, Nokia, Novelis, PricewaterhouseCoopers, Purdue Pharma L. P., RJ Reynolds, Roark Capital Group, Shell Oil Co., Sprint Nextel Corp., Staples, SunTrust Banks
Atlanta (337), total other U.S. offices (406), which include Austin, Texas, Charlotte, N.C., Houston, New York, San Francisco, Silicon Valley, Calif., and Washington, total international offices (94.5), which include Abu Dhabi and Dubai, United Arab Emirates, Frankfurt, Germany, Geneva, London, Moscow, Paris, Riyadh, Saudi Arabia, Singapore
AtlantaDavid Balser and Lawrence Slovensky, litigation, from McKenna Long & Aldridge
LondonJane Player and Sarah Walker, international arbitration, from Bird & Bird; Nigel Heilpern, real estate, from Fried Frank Harris Shriver & Jacobson; William Charnley, corporate, from Mayer & Brown
ParisBenoit Marcilhacy and Pascal Schmitz, real estate, from Freshfields Bruckhaus Deringer
SingaporeMerrick White, oil and gas, from Clifford Chance; Kelly Malone, energy project finance, from Wikborg Rein
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