Dechert has posted robust results for 2025, with revenue up 7% and profit per equity partner (PEP) increasing by more than a quarter.
For the calendar year, the US firm saw revenue reach $1.6bn, while PEP grew even faster, rising by 27% to hit $6.1m.
Earlier this year, co-chairs Mark Thierfelder and Dave Forti were reelected to their leadership roles for a second term, which will run to 2031.
Commenting on the results, Thierfelder said: ‘2025 was another exceptional year for Dechert, rooted in unwavering partnership with our clients and a relentless ‘all in’ commitment to stewardship and excellence from our people.’
‘At the very heart of our strategy is a focus on what our clients, some of the smartest people in the business world, are doing and helping them lead. We are immersed in the key sectors we serve, consulting on first-to-market financial products, structuring precedent-setting deals in private capital and real estate, propelling ventures that drive progress in life sciences and technology and representing our clients in high-stakes litigation,’ he continued.
News of the financial growth has come alongside continued expansion for the firm, including the opening of offices in Chicago in Dallas alongside 20 hires from McDermott Will & Schulte.
The firm is also one of the latest to invest in the Houston market, announcing the launch of an office in January with the hire of Akin trial lawyer Jim Wetwiska.
In total, the firm has already hired 30 lateral partners in 2026.
Meanwhile, in its most recent round of partner promotions, the firm made up 17 lawyers around the world, up from 13 the year prior.
Of these, funds specialist Matthew Duxbury was the sole promotion in London, while fellow funds duo David Layden and Dan Morrissey were promoted in the firm’s Dublin office.
On the firm’s future growth, co-chair Forti said: ‘We proudly celebrated Dechert’s 150th anniversary in 2025 and have started on our next 150 years in growth mode tied to our strategic priorities: deepening our steeples of excellence, further investing in our key markets, to growing in sectors like accounting, and strengthening our commitment to talent development and technological innovation.’
‘With the support of our clients and our people, we are looking forward to another strong year,’ he concluded.
