Sterling profits per equity partner at transatlantic practice Hogan Lovells rose by 13.7% on the back of turnover up 10%, the firm announced today. Total global revenue in calendar 2019 was £1.76bn, up from £1.6bn in 2018. Profits per equity partner rose to £1.18m from £1.04m in 2018.
Both figures were strongly ahead of last year's results, when revenue rose by just 0.9% and profit per equity partner by 4%.
The firm did not release a figure for pre-tax profits.
According to the firm, the Americas accounted for half of total billings, with Europe contributing 43% and Asia, the Pacific and the Middle East the remaining 7%.
Chief executive Steve Immelt said: 'Our strategy of focusing on key industry sectors, having a substantive global reach in the Americas, Europe, and Asia, and our strength in being able to combine a market-leading regulatory capability with our other practice areas is recognized by clients as a powerful force and by laterals as an attractive place to build their careers.'
He added that Hogan Lovells has one of the strongest female partnerships of any major law firm with women accounting for 26% of the total.