Models are on everyone's mind. So, there will be plenty of watching Hughes Hubbard. BOTH its revenue and its profit surged.
In THE AMERICAN LAWYER, Vivia Chen reports, "Hughes Hubbard posted a 10% increase in gross revenues (from $251.8 million in 2008 to $277 million in 2009). Moreover, profits per equity partner rose 9.7% (from $1.34 million in 2008 to $1.47 million in 2009.) And revenue per lawyer also increased nicely by 5% (from $943,000 in 2008 to $990,000 last year.)"
The firm attributes its success partly to product liability assignments and its work on Lehman matters. During a year that was tough for many other law firms, Hughes Hubbard hired 5% more attorneys and lost only one equity partner.