Wake Up Call: McGuireWoods Sees Revenue Climb to $1.1 Billion

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

• McGuireWoods saw a 9% increase in revenue to $1.1 billion in 2024, driven by higher demand, increased billing rates, and record-high productivity. Despite a 3% rise in equity partners, profitability grew significantly, with net income up 15% and profits per equity partner rising nearly 12%. Notable client work, including deals with Microsoft and Teledyne Technologies, contributed to the firm’s soaring profits. (Law.com)
• South Carolina’s government saw massive accounting errors that led the government to pay over $4.4 ...