Wake Up Call: Fenwick Grows 2022 Revenues on IP, Regulatory Work

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Welcome to Bloomberg Law’s Wake Up Call, a daily rundown of the top news for lawyers, law firms, and in-house counsel.

Technology and life-sciences focused firm Fenwick & West grew its revenues 3.8% to $750.4 million in 2022, as the Silicon Valley founded firm’s intellectual property practice expanded its regulatory capabilities in Washington and had solid growth. The firm, which added about 50 lawyers to its headcount, saw average profits per equity partner shrink 1.4% to $3.79 million on higher costs for talent. (The Recorder)
Akin’s revenues grew 0.9% to $1.23 billion in 2022, its 13th straight year of revenue growth, but its average profits per equity partner sank 16.7%. The Dallas-founded firm said it invested in lateral hires of 27 partners in areas where it sees growth opportunities, such as special situations and private credit, M&A, private equity, energy transition, regulatory and disputes and investigations. (Texas Lawyer)
Most of Washington’s biggest law firms expanded their revenues last year, but several saw profits pulled down by sinking demand and rising expenses. (National Law Journal)

Lawyers, Law Firms

Hunton Andrews Kurth was hit by a legal malpractice suit filed by a Miami, Florida-based former client that alleged it lost $6.2 million it wired to a Thai scammer after getting bad from advice from a Hunton partner in China. (Daily Business Review)
Baker McKenzie announced that it moved its 25-year-old Houston, Texas, office into the 35-story Bank of America tower downtown for which it recently signed a 16.5-year lease. Its previous office in the city was in the TC Energy Center. (BakerMcKenzie.com)
Former President Donald Trump is always searching for a lawyer who will measure up to his first fixer-lawyer, Roy M. Cohn, who represented him in the 1970s and early 1980s. Cohn, who had a reputation for practicing with threats, scorched-earth attacks, and media manipulation, was eventually disbarred. (New York Times)
Heavy metal band Mötley Crüe is getting sued by its longtime guitarist Mick Mars, who accused the band of ousting him as he faces a major health problem. The band said Mars retired. (USA Today)

DLA Piper added health-care policy adviser Rachel Portman to its health policy strategic consulting practice. She served as US Senate committee deputy health policy director to former North Carolina Republican US Senator Richard Burr. (DLA Piper)
Moore Vallen & Allen picked up Katten Muchin Rosenman real estate attorney Eugene Allison as senior counsel in Charlotte, North Carolina. (Mvalaw.com)
Hanson Bridgett hired in-house legal veteran Jeremy Sara Strauss as chief human resources officer. Strauss arrives from NEC Corporation of America, where she was human resource director and previously associate general counsel. (HansonBridgett.com)
Matrimonial litigator Richard Adago, who was at Phillips Nizer as matrimonial & family law co-chair, joined New York-based specialist firm Krauss Shaknes Tallentire & Messeri as a partner. He was joined in the move by Mitchell Levitin, who joins the new firm as counsel. (KSTMLaw.com)

A Texas Tech School of Law student hired as a summer clerk made some lawyers at her new firm curious with her first name, which was inspired by the daughter of the main character of Harper Lee’s “To Kill a Mockingbird.” (Lubbockonline.com)