Cooley LLP’s revenue rose by 9 per cent to $617m in 2012, the second year in a row that Cooley has achieved revenue growth.
Average profit per equity partner increased to $1.495m, a rise of almost 10 per cent, while revenue per lawyer at the west coast firm rose to $975,000.
The firm said its strong performance had been largely driven by its flagship practices nationally, particularly corporate and litigation which represent roughly half the firm’s revenue each.
Cooley is best known for venture capital, technology and emerging company work, all of which the firm said had strong years as did the contentious side the firm, which scored a number trial wins.
In terms of strategic moves Cooley opened an office in Los Angeles last July and in Shanghai in December 2011.
Cooley sources described itself as “ultra conservative in managing debt” and “debt free”, adding that it had adopted a “pay-as-you-go” mentality in its investments in and Los Angeles.
0+
