Wake Up Call: King & Spalding Doubles Revenues, PEP Over Decade

In today’s column, three firms posted their 2019 results. Dechert had double-digit revenue growth, as did Brownstein Hyatt, which also had a strong year for lobbying; Michigan State University has finally hired a permanent top lawyer as it continues to deal with legal fallout from the Larry Nassar sex-abuse scandal.

• Leading off, King & Spalding’s revenues last year rose 6.1% to $1.34 billion and its profits per equity partner hit $3 million for the first time, culminating a decade of steady growth in which the Atlanta-based firm doubled the yearly turnover and PEP it posted in 2009, a report said. ...