Revenue, Profits Up at Sidley Austin

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Chicago’s Sidley Austin saw revenue grow by 7% in 2008, while profits increased 4%.

The firm brought in $1.489 billion in revenue, up from $1.386 billion in 2007.  Profits per equity partner reached $1.43 million.

The firm’s overall head count grew from 1,651 to 1,702, with revenue per lawyer also growing from $840,000 to $875,000. Equity partners remained static at 332, while the nonequity ranks increased from 294 to 310.

  

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In October Sidley saved six partners from the collapsed Heller Ehrman. In March, the firm hired a six-partner private equity team from Chicago’s Schiff Hardin.

Sidley Austin LLP , formerly Sidley Austin Brown & Wood LLP, is one of the oldest law firms in the world. It is the sixth largest US-based corporate law firm with over 1,800 lawyers, and offices in 16 cities worldwide.