Mayer Brown has posted a 10% increase to its topline, with revenue rising to $2.17bn, up from a more modest 3% last year, when turnover reached $1.98bn.
Net income was up 19.2% to $762.5m, while profit per equity partner (PEP) increased 14.5% year-on-year to $3.196m. This increase in PEP came alongside a 4.1% increase in equity partner headcount, which rose to 239.
Meanwhile, a slight decline in lawyer headcount helped drive an 11.6% increase in revenue per lawyer (RPL), to $1.35m.
In the firm’s London office (pictured), revenue rose by roughly 20% year-on-year, reflecting a concerted push to scale the City offering.
In October, the firm advised alongside Slaughter and May and Hogan Lovells on Legal & General’s buy-in of Ford’s pension liabilities, in a deal valued at £4.6bn in total, with London partners Tom MacAulay in corporate and securities and Andrew Block on pensions and employee benefits leading.
Notable lateral hires into the office in the last year include a trio from White & Case, with structured finance partners Chris McGarry, who was a counsel at W&C, and Adam Farrell, both joining in January, and corporate trustee partner Kevin Ng following in May.
PE partner Mark Evans and finance partners David Miles and Philip Butler joined in July from Dechert, where Butler was previously co-head of global leveraged finance, and in November the firm hired Vinson & Elkins counsel Steven Wilson into its global energy group as a partner.
In Asia, headcount increased in Singapore, up to 41 lawyers, and Tokyo, up to 13. In Hong Kong, however, where the firm’s partnership split off in 2024 and reverted to its legacy name Johnson Stokes & Master, headcount was down slightly year-on-year, to 21.
The firm has continued to grow in Asia into 2026, including hiring Masahisa Ikeda as managing partner of its Tokyo office from A&O Shearman, where Ikeda previously served as co-Asia head at legacy Shearman & Sterling. Fellow A&O Shearman Tokyo partners Toshiro Mochizuki and Kana Morimura followed Ikeda to Mayer Brown this week.
