Bolstered in part by a strong year for the firm's real estate and tax practices, Venable saw a nearly 6 percent increase in gross revenue, up to $376 million from $355 million in 2011, according to our reporting. The firm said profits per partner were up 3.7 percent to $845,000.
Revenue per lawyer was up 2.7 percent, from $730,000 to $750,000, and net income was up 3.1 percent to $134 million. The number of equity partners—159—remained unchanged at Venable. The overall number of partners increased to 265, up 3.5 percent. The total number of lawyers at the firm also went up, from 488 to 501.
"When I look at how we did in 2012, month to month, the second half of the year for us was quite strong," said Venable co-managing partner Robert Waldman, who leads the firm's representation of tax-exempt organizations. "We feel very good about where we are now," he said later. "The firm is very healthy."