Baker Botts posted a 2011 gross revenue of $581.5 million, up 4.8 percent from $555 million in 2010. Net income at the Houston-based firm was $257.5 million, an increase of 4.7 percent compared to $246 million in 2010. Andrew M. “Andy” Baker (pictured), who takes over as Baker Botts’ managing partner in April, says the “terrific story” for the firm has been an increase in equity partners to 183 in 2011, up from 179 in 2010. The firmwide lawyer headcount remained stable at 703 in 2011 and 2010. Baker says that growth in equity partners stems in large part from the firm's expansion in Washington, D.C., where it acquired lateral partners, in particular some with antitrust practices, from the now-defunct Howrey. Overall, Baker says, Baker Botts had a “very good year” in 2011. He notes that the energy sector “was strong all year.” Because of the increase in equity partners, Baker Botts’ profits per partner averaged $1,390,000 in 2011, up 1.5 percent from $1,370,000 in 2010. Revenue per lawyer averaged $825,000 last year, an improvement of 4.4 percent from 2010’s $790,000. In 2011, the number of Baker Botts lawyers outside Texas continued to grow and Baker expects that trend to continue. “Texas is important to us but we are going to keep our eyes on where we need to be, the needs of our clients wherever they are,” Baker says.
-- Miriam Rozen