Partner Defections Don’t Stop Revenue Gains At This Biglaw Firm


According to 2019 financial data collected by ALM, which Biglaw firm’s gross revenue increased to $669.7 million in 2019, up 5.5 percent despite losing a group of environmental attorneys and a group of financial services attorneys and closing the firm’s Austin and Bay Area offices in 2019?

Hint: Firm leadership said, “The overriding and primary reason for that improvement has been executing a better plan to attract more deals and more good clients.” He continued, “We had a number of new private equity funds as well as a number of new family offices and sponsors last year. That grows the revenue, which improves [profits per equity partner and nonequity compensation].”

See the answer on the next page.



This article is sourced from : Source link

Leave a Reply

Your email address will not be published. Required fields are marked *