The American Lawyer Profiles Vinson & Elkins' Record Financial Performance in 2023
The American Lawyer has published a detailed analysis of Vinson & Elkins’ record financial year in 2023, including the reasons behind the firm’s strategic growth and its positive outlook for 2024.
Below is an excerpt of the article:
Despite growth in its lawyer head count and equity partner ranks, Houston-based Vinson & Elkins also improved its revenue per lawyer by 2.7% and its profits per equity partner by 3.6%.
Focused on strategic growth, watching expenses and benefiting from strong demand from clients across the energy sector, Vinson & Elkins posted a record year in 2023, topping the $1 billion revenue mark for the first time and growing profits by 9.5% even with higher head count.
“It was great for us to cross the billion-dollar revenue threshold,” said Keith Fullenweider, the Houston-founded firm’s chair. “At the same time, we’ve been very focused on growing in ways that are sustainable.”
To read the full article, click here.
About Vinson & Elkins
For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 11 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or connect with us on LinkedIn.
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