Increase in Demand and Firm Growth Led Foley to Large Leaps in Revenue and PEP in a 'Year When It All Came Together'
Foley & Lardner LLP saw double-digit increases and all-time highs across all financial metrics in 2025 as noted in The American Lawyer article, “Foley Grows Revenue by Nearly 14%, PEP by 27%, in a ‘Year When It All Came Together’.”
Foley Chairman and CEO Daljit Doogal reflected on the firm’s success, citing an increase in demand across the firm’s three departments, strategic lateral hiring and partnership growth, and a focus on cross-servicing as key drivers.
“It was a fabulous year for us,” said Doogal. “It was just a year when it all came together — intentional lateral and organic growth, a new office in Nashville, [and] intentionally working on growing demand.”
The firm increased revenue by 13.9% to a record $1.45 billion in 2025, profits per equity partner grew by 27.3% to $2.93 million, net income increased 28.2% to $421.3 million, and revenue per lawyer grew 10.9% to $1.32 million.
“The nice thing was the increase in demand was spread out,” Doogal said, noting that Foley’s intellectual property litigation, health care, real estate, and construction practice areas in particular experienced more demand.
“As part of the firm’s aggressive lateral hiring,” Foley brought on 26 lateral partners in 2025, including eight in California, and launched the firm’s 27th office in Nashville. Additional partners joined in Boston, Washington, D.C., Salt Lake City, and Chicago, among other offices. Coupled with organic growth, the firm added substantial bench strength across its Energy & Infrastructure, Health Care & Life Sciences, Innovative Technology, and Manufacturing Sectors.
Looking ahead, Doogal said there is “significant momentum” in lateral growth that is “great for the firm,” and a continued, deliberate attention to growing demand in 2026. “The firm is off to a good start.”
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