Hanson Bridgett, Stoel Rives and Procopio all had gross revenue or profit increases last year, while declines in their equity partnerships helped to boost PEP.
March 26, 2024 at 05:37 PM
6 minute read
Reflecting sustained demand in the midmarket, several Second Hundred law firms on the West Coast saw a boost in revenue in 2023, and some reversed their financial losses from the prior year.
West Coast firms Hanson Bridgett, Stoel Rives, and Procopio, Cory, Hargreaves & Savitch all had gross revenue or profit increases in 2023, while also seeing rising expenses and fluctuations in attorney head counts. Declines in their equity partnerships helped to boost their profits per equity partner (PEP).
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