Firm Overview
FY2025 performance across 6 offices · 3,120 active matters
Collected Fees (YTD)
$597.2M
Billed $671.5M · 88.9% realized
Profit Margin
41.0%
Net income $244.9M
Profit / Equity Partner
$2.9M
84 equity partners
Revenue / Lawyer
$1.1M
545 attorneys
Utilization Rate
91.4%
billable hours vs. target
Realization Rate
88.9%
standard rate → collected
Billable Hours (YTD)
907.6k
3,120 open matters
Realization Gap
$74.3M
billed not yet collected / written off
InsightCorporate / M&A is the firm's margin leader at 48.7% on the firm's highest revenue-per-lawyer; Real Estate & Construction trails at 28.3%, the clearest margin-recovery candidate.
Billings vs. Collections
Monthly, FY2025Revenue by Advisor Group
Share of collected feesAdvisor-Group Leaderboard
Ranked by collected fees| Advisor Group | Attorneys | Collected | Margin | Utilization | Rev / Lawyer |
|---|---|---|---|---|---|
| Litigation & Dispute ResolutionNew York | 136 | $144.7M | 39.1% | 92.2% | $1.1M |
| Corporate / M&ANew York | 104 | $131.5M | 48.7% | 92.9% | $1.3M |
| Intellectual PropertyLos Angeles | 65 | $75.3M | 44.0% | 94.2% | $1.2M |
| Restructuring & BankruptcyHouston | 49 | $56.5M | 44.1% | 88.2% | $1.2M |
| Labor & EmploymentWashington D.C. | 60 | $54.4M | 28.8% | 92.6% | $907k |
| Tax & Private ClientLondon | 38 | $45.4M | 45.9% | 89.2% | $1.2M |
| Regulatory & Government AffairsWashington D.C. | 44 | $45.4M | 37.9% | 90.6% | $1.0M |
| Real Estate & ConstructionChicago | 49 | $44.0M | 28.3% | 86.3% | $899k |
InsightFirm utilization is 91.4% against a 90% target, but 31.9% of attorneys sit below 85% — reallocating that idle capacity is worth roughly $23.9M in recoverable fees.
Billable Hours by Month
Firm-wideUtilization Distribution
Attorneys by % of target hoursUtilization vs. Realization
Top 130 timekeepers · bubble size = collected feesTop Timekeepers
Top 40 by collected fees · click a column to sort| Attorney | Role | Group | Hours | Target | Util. | Std Rate | Realization | Collected |
|---|---|---|---|---|---|---|---|---|
| Evelyn Mercer | Equity Partner | Corporate / M&A | 1,628 | 1,600 | 101.8% | $1,658 | 93.4% | $2.5M |
| William Ironside | Equity Partner | Corporate / M&A | 1,838 | 1,600 | 114.9% | $1,374 | 91.0% | $2.2M |
| Samuel Marchetti | Equity Partner | Intellectual Property | 1,705 | 1,600 | 106.5% | $1,478 | 87.8% | $2.1M |
| Lily Pemberton | Equity Partner | Corporate / M&A | 1,567 | 1,600 | 98.0% | $1,614 | 89.9% | $2.1M |
| Noah Underwood | Equity Partner | Corporate / M&A | 1,675 | 1,600 | 104.7% | $1,350 | 95.0% | $2.1M |
| Mia Raghunathan | Equity Partner | Litigation & Dispute Resolution | 1,682 | 1,600 | 105.1% | $1,428 | 86.1% | $2.0M |
| Olivia Thornquist | Non-Equity Partner | Corporate / M&A | 1,851 | 1,650 | 112.2% | $1,186 | 97.2% | $2.0M |
| Lily Marchetti | Equity Partner | Litigation & Dispute Resolution | 1,775 | 1,600 | 111.0% | $1,247 | 92.1% | $2.0M |
| Marcus Lockhart | Equity Partner | Corporate / M&A | 1,438 | 1,600 | 89.9% | $1,441 | 93.5% | $1.9M |
| Mia Cromwell | Equity Partner | Restructuring & Bankruptcy | 1,408 | 1,600 | 88.0% | $1,418 | 98.5% | $1.9M |
| Chloe Hargrove | Equity Partner | Corporate / M&A | 1,613 | 1,600 | 100.8% | $1,253 | 94.2% | $1.9M |
| Victoria Petrov | Equity Partner | Litigation & Dispute Resolution | 1,595 | 1,600 | 99.7% | $1,473 | 82.7% | $1.9M |
| Samuel Raghunathan | Equity Partner | Tax & Private Client | 1,382 | 1,600 | 86.4% | $1,522 | 90.4% | $1.9M |
| Ava Devereaux | Equity Partner | Litigation & Dispute Resolution | 1,490 | 1,600 | 93.1% | $1,396 | 92.4% | $1.8M |
| Olivia Falconer | Equity Partner | Restructuring & Bankruptcy | 1,313 | 1,600 | 82.0% | $1,614 | 90.7% | $1.8M |
| Theodore Bowery | Non-Equity Partner | Litigation & Dispute Resolution | 1,842 | 1,650 | 111.7% | $1,115 | 88.3% | $1.8M |
| Abigail Bowery | Equity Partner | Litigation & Dispute Resolution | 1,734 | 1,600 | 108.4% | $1,234 | 87.1% | $1.8M |
| Sofia Hargrove | Equity Partner | Tax & Private Client | 1,349 | 1,600 | 84.3% | $1,498 | 90.9% | $1.8M |
| Zoe Norrington | Equity Partner | Regulatory & Government Affairs | 1,706 | 1,600 | 106.7% | $1,166 | 95.7% | $1.8M |
| Liam Brennan | Equity Partner | Intellectual Property | 1,710 | 1,600 | 106.9% | $1,242 | 84.8% | $1.8M |
| Adrian Castellano | Non-Equity Partner | Corporate / M&A | 1,625 | 1,650 | 98.5% | $1,230 | 94.9% | $1.8M |
| Elijah Cromwell | Equity Partner | Restructuring & Bankruptcy | 1,425 | 1,600 | 89.1% | $1,509 | 85.2% | $1.8M |
| Elijah Jessup | Equity Partner | Real Estate & Construction | 1,577 | 1,600 | 98.6% | $1,252 | 93.4% | $1.7M |
| Samuel Petrov | Non-Equity Partner | Corporate / M&A | 1,681 | 1,650 | 101.9% | $1,238 | 86.4% | $1.7M |
| Jacob Kingsley | Equity Partner | Restructuring & Bankruptcy | 1,620 | 1,600 | 101.2% | $1,173 | 95.8% | $1.7M |
| Emma Raghunathan | Equity Partner | Corporate / M&A | 1,413 | 1,600 | 88.3% | $1,444 | 90.9% | $1.7M |
| Benjamin Catalano | Equity Partner | Corporate / M&A | 1,401 | 1,600 | 87.5% | $1,480 | 90.3% | $1.7M |
| Victoria Ashworth | Senior Associate | Corporate / M&A | 2,147 | 1,900 | 113.0% | $856 | 98.5% | $1.7M |
| Priya Bowery | Equity Partner | Intellectual Property | 1,527 | 1,600 | 95.4% | $1,307 | 88.6% | $1.7M |
| Nathan Thornquist | Equity Partner | Tax & Private Client | 1,346 | 1,600 | 84.1% | $1,364 | 97.4% | $1.7M |
| Hannah Okafor | Equity Partner | Restructuring & Bankruptcy | 1,286 | 1,600 | 80.4% | $1,525 | 88.4% | $1.7M |
| Grace Lockhart | Equity Partner | Litigation & Dispute Resolution | 1,678 | 1,600 | 104.9% | $1,262 | 84.4% | $1.7M |
| Cameron Devereaux | Equity Partner | Intellectual Property | 1,897 | 1,600 | 118.5% | $1,204 | 76.9% | $1.7M |
| Benjamin Pemberton | Non-Equity Partner | Corporate / M&A | 1,557 | 1,650 | 94.4% | $1,236 | 88.9% | $1.7M |
| Naomi Quill | Equity Partner | Corporate / M&A | 1,453 | 1,600 | 90.8% | $1,290 | 94.1% | $1.7M |
| Ryan Nakamura | Equity Partner | Litigation & Dispute Resolution | 1,625 | 1,600 | 101.6% | $1,283 | 80.5% | $1.7M |
| Sofia Holloway | Non-Equity Partner | Intellectual Property | 1,840 | 1,650 | 111.5% | $1,080 | 89.2% | $1.6M |
| Ava Montague | Equity Partner | Regulatory & Government Affairs | 1,763 | 1,600 | 110.2% | $1,025 | 93.0% | $1.6M |
| Henry Goldstein | Equity Partner | Tax & Private Client | 1,218 | 1,600 | 76.1% | $1,522 | 90.2% | $1.6M |
| Emma Pemberton | Non-Equity Partner | Corporate / M&A | 1,386 | 1,650 | 84.0% | $1,245 | 98.5% | $1.6M |
InsightContingency carries the richest margin at 53.4%, while Capped Fee (Blended) runs at just 26.9% — repricing or scope control on capped/flat work is the fastest profitability lever.
Revenue, Cost & Margin by Plan Type
Fee arrangementMatter Mix
Open matters by plan typePlan-Type Profitability
FY2025| Plan Type (Fee Arrangement) | Matters | Revenue | Cost | Profit | Margin | Avg / Matter | Realization |
|---|---|---|---|---|---|---|---|
| Hourly (Standard Rate)Time billed at standard hourly rates. | 1,399 | $274.7M | $164.5M | $110.2M | 40.1% | $196k | 91.2% |
| Fixed Fee / FlatDefined scope for an agreed flat fee. | 587 | $107.5M | $77.0M | $30.5M | 28.4% | $183k | 89.5% |
| Retainer / SubscriptionRecurring monthly GC-style engagements. | 458 | $89.6M | $49.6M | $39.9M | 44.6% | $196k | 84.9% |
| ContingencyFee contingent on recovery / outcome. | 327 | $71.7M | $33.4M | $38.2M | 53.4% | $219k | 91.2% |
| Capped Fee (Blended)Hourly work subject to a negotiated cap. | 255 | $53.7M | $39.3M | $14.4M | 26.9% | $211k | 87.7% |
InsightCorporate / M&A leads on revenue-per-lawyer at $1.3M; the spread between the top and bottom group margin is 20.4% — a sign rate realization and leverage, not headcount, drive group performance.
Collected Fees & Profit by Advisor Group
FY2025Advisor-Group Performance
Group lead · click a column to sort| Advisor Group | Group Lead | Attorneys | Leverage | Collected | Profit | Margin | Util. | Realization | Rev / Lawyer |
|---|---|---|---|---|---|---|---|---|---|
| Litigation & Dispute ResolutionNew York | Eleanor R. Whitfield | 136 | 2.78× | $144.7M | $56.6M | 39.1% | 92.2% | 86.5% | $1.1M |
| Corporate / M&ANew York | Marcus J. Delgado | 104 | 3.16× | $131.5M | $64.1M | 48.7% | 92.9% | 91.3% | $1.3M |
| Intellectual PropertyLos Angeles | Priya N. Raghunathan | 65 | 2.61× | $75.3M | $33.2M | 44.0% | 94.2% | 89.4% | $1.2M |
| Restructuring & BankruptcyHouston | Aaron T. Goldstein | 49 | 2.5× | $56.5M | $24.9M | 44.1% | 88.2% | 88.3% | $1.2M |
| Labor & EmploymentWashington D.C. | Sofia M. Castellano | 60 | 3.29× | $54.4M | $15.7M | 28.8% | 92.6% | 88.4% | $907k |
| Tax & Private ClientLondon | Helena V. Brandt | 38 | 1.53× | $45.4M | $20.8M | 45.9% | 89.2% | 91.2% | $1.2M |
| Regulatory & Government AffairsWashington D.C. | Cameron P. Okafor | 44 | 2.14× | $45.4M | $17.2M | 37.9% | 90.6% | 89.8% | $1.0M |
| Real Estate & ConstructionChicago | Daniel O. Brennan | 49 | 2.5× | $44.0M | $12.5M | 28.3% | 86.3% | 87.2% | $899k |