The 2010 D.C. 25

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Few bright spots for Washington firms in 2009 D.C.


For first time in 11 years, the combined gross revenue of D.C.’s top-grossing firms declined. Revenues &
Profits

D.C. Revenue D.C. Revenue Revenue percent Revenue Per Profits Per Average Compensation D.C. Equity Firmwide Revenue
Rank Firm 2009 2008 change Lawyer Partner All Partners 2009 D.C. Lawyers partners 2009
1 Hogan Lovells* 417,500,000 447,500,000 -6.70% 865,000 1,210,000 895,000 482 143 864,500,000

2 Arnold & Porter 352,300,000 337,400,000 4.42% 855,000 1,010,000 1,010,000 412 127 524,000,000

3 Covington & Burling 350,700,000 346,000,000 1.36% 895,000 1,200,000 1,200,000 393 124 583,000,000

4 Wilmer Cutler Pickering Hale and Dorr 336,000,000 365,300,000 -8.02% 940,000 1,155,000 1,155,000 357 107 941,000,000

5 Skadden, Arps, Slate, Meagher & Flom 319,300,000 345,900,000 -7.69% 1,130,000 2,160,000 2,160,000 283 75 2,100,000,000

6 Williams & Connolly 287,000,000 265,900,000 7.94% 1,215,000 1,175,000 1,175,000 236 105 287,000,000

7 Finnegan, Henderson, Farabow, Garrett & Dunner 275,800,000 287,100,000 -3.94% 1,040,000 1,225,000 1,020,000 265 82 349,000,000

8 Crowell & Moring 271,600,000 241,700,000 12.37% 925,000 1,110,000 845,000 294 78 339,000,000

9 Latham & Watkins 239,300,000 253,500,000 -5.60% 970,000 1,900,000 1,745,000 247 79 1,821,000,000

10 Steptoe & Johnson LLp 232,500,000 240,000,000 -3.13% 905,000 985,000 985,000 257 104 338,500,000

11 Morgan, Lewis & Bockius 228,000,000 226,300,000 0.75% 810,000 1,235,000 920,000 282 54 1,068,500,000

12 Sidley Austin 221,000,000 228,000,000 -3.07% 855,000 1,460,000 1,000,000 258 43 1,357,000,000

13 Akin Gump Strauss Hauer & Feld 227,900,000 237,900,000 -4.20% 1,030,000 1,515,000 1,105,000 221 58 719,000,000

14 Wiley Rein 200,000,000 197,800,000 1.11% 715,000 965,000 920,000 279 62 200,000,000

15 Dickstein Shapiro 197,200,000 209,800,000 -6.01% 820,000 1,010,000 770,000 240 54 297,000,000

16 Howrey 191,900,000 264,000,000 -27.31% 745,000 845,000 620,000 257 61 480,000,000

17 Venable 189,000,000 196,000,000 -3.57% 675,000 765,000 590,000 281 97 349,500,000

18 McDermott Will & Emery 188,900,000 220,600,000 -14.37% 935,000 1,300,000 825,000 202 59 829,000,000

19 Pillsbury Winthrop Shaw Pittman 182,700,000 189,900,000 -3.79% 805,000 950,000 740,000 227 50 533,500,000

20 Patton Boggs 178,400,000 210,000,000 -15.05% 635,000 665,000 535,000 280 82 332,000,000

21 Bingham McCutchen** 172,800,000 110,400,000 56.52% 900,000 1,265,000 945,000 192 38 860,000,000

22 Gibson, Dunn & Crutcher 170,400,000 163,600,000 4.16% 1,105,000 1,910,000 1,875,000 154 49 995,000,000

23 Kirkland & Ellis 164,600,000 169,900,000 -3.12% 1,010,000 2,495,000 1,360,000 163 32 1,428,000,000

24 O’Melveny & Myers 163,200,000 163,900,000 -0.43% 960,000 1,470,000 1,370,000 170 35 826,500,000

25 Arent Fox 156,500,000 160,000,000 -2.19% 690,000 800,000 620,000 227 70 216,500,000

*On May 1, Hogan & Hartson merged with U.K.-based Lovells, forming Hogan Lovells.
**Bingham McCutchen’s revenue figures for 2009 take into account the firm’s Aug. 1, 2009, merger with Washington-based McKee Nelson.
Notes: Total number of lawyers is as of Aug. 31, 2009. Dollar figures represent the gross revenue, average revenue per lawyer and average profits per equity partner generated by the firm within the Washington metropolitan region. Compensation for all partners averages the pay for equity and
nonequity partners. Gross revenue figures are rounded to the nearest $100,000. Revenue per lawyer, profits per partner and compensation for all partners are rounded to the nearest $5,000.

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