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...

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