February 2, 2012 6:52 PM
The Am Law 100, the Early Numbers: SNR Denton Joins Comeback List as Revenue, Profits Grow
Posted by Chris Johnson
In what is fast becoming a year of turnarounds among the Am Law 100, SNR Denton‘s U.S. arm became the latest to announce a return to topline growth in 2011, according to The American Lawyer’s reporting.
Like Mayer Brown and McDemott, Will Emery—both of whose 2011 financial results The Am Law Daily has previously reported (here and here, respectively)—SNR Denton’s U.S. arm ended two straight years of fiscal decline by collecting $474.5 million in gross revenue last year, a 4.4 percent increase over 2010.
The firm’s U.S. profits per equity partner grew almost 7 percent to $880,000 after a 15 percent rise in 2010, while net income grew 6 percent to a five-year high of $123 million. SNR Denton’s U.S. profit margin matched last year’s at 26 percent.
(As with DLA Piper, Baker McKenzie and recent transatlantic-merger firms such as Hogan Lovells, SNR Denton is structured as a Swiss verein—essentially a
Read More from the Article Source: Full Article
