On April 27, 2015, American Lawyer published its annual AmLaw 100 rankings with Venable posting another solid year and jumping three spots from last year to #68. The rankings are based on 2014 gross revenue.
In addition to gross revenue, Venable made strong showings and improvements in critical categories that the AmLaw 100 measures including:
- Profits per Partner: #70
- Revenue per Lawyer: #62
- Value per Lawyer: #61
- Compensation – All Partners: #70
- Profits per Lawyer: #59
"We stayed to our knitting," Co-Managing Partner Robert L. Waldman said in an interview earlier this year. "We've grown somewhat, but not ridiculously. That’s our recipe—orderly, organized growth." Waldman added that the firm's record setting year was not fueled by one particular practice, but rather split between the firm's core practices in regulatory and corporate. Citing products liability, real estate, financial services, litigation and tax as key practices last year, Waldman said, "We continue to build on our strengths."
Last year was a strong one for the firm which saw an 8% rise in gross revenue and a 9% jump in net income. On average, Venable attorneys billed an extra 50 hours apiece compared to the previous year. The firm also grew by 31 attorneys last year, a 6% increase in total headcount.