Atlantic halibut (Hippoglossus hippoglossus) have a long history of exploitation in the Northwest Atlantic and have gone through several periods of high biomass followed by a population crash. An assessment model using data collected on the Scotian Shelf and southern Grand Banks shows that the population peaked in 1984, then decreased sharply to a low in 1993. Several management measures were taken during the decline, including reductions in total allowable catch and a minimum size limit. Concurrently, removals by the otter trawl fishery were drastically reduced following the collapse of the cod (Gadus morhua) fishery. In 2003, recruitment increased and continued to be high for 6 years. Fishing mortality rates were moderate in the late 1990s and 2000s and the population increased. By 2009, the Atlantic halibut population was highly productive with both high biomass and high levels of recruitment. The coincidence in the timing of population recovery and management actions indicates that effective management contributed to the recovery of Atlantic halibut.