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Firm Financials 2013This collection of articles analyzes the 2012 financial results of Pennsylvania's law firms released this year.
2013-02-20 02:54:14 PM
Drinker Biddle Grows Revenue 1.7 Percent, PPP Flat
Philadelphia-based Drinker Biddle & Reath grew its revenue by about 1.7 percent and its profits per equity partner (PPP) by about 0.7 percent in 2012 in what executive partner Andrew C. Kassner called a "solid year" for the firm. Full Text
Ballard Spahr Sees Revenue Rise 5.3 Percent, PPP 4.7 Percent
Ballard Spahr grew gross revenue 5.3 percent and profits per equity partner (PPP) by 4.7 percent in 2012 thanks to an increase in demand across all of its departments, firm Chairman Mark Stewart said. Full Text
Duane Morris Sees Revenue Grow 1.2 Percent, PPP 1.7 Percent
Philadelphia-based Duane Morris saw modest increases in its revenue and profits per equity partner (PPP) in 2012, a fiscal year that Chairman John J. Soroko characterized as "almost an instant replay" of the prior fiscal year in terms of financial growth. Full Text
Cozen O'Connor Grows Revenue 5.6 Percent, PPP 8.4 Percent
Cozen O'Connor saw increases in its key financial metrics in 2012 thanks to strength in nearly all of its core practice areas, the firm said. Full Text
Reed Smith Crosses Billion-Dollar Revenue Mark
Reed Smith saw increases in its key financial metrics between 2011 and 2012 that the firm attributed in large part to its cross-selling to its core industry groups. Full Text
Pepper Hamilton Grows Revenue by 9.2 Percent
Pepper Hamilton's revenue grew by 9.2 percent in 2012 on the strength of what its chief executive officer said was increased demand across nearly all of the firm's practice groups. Full Text
After seeing a dip in many key financial metrics between 2010 and 2011 driven by a number of investments, Blank Rome reaped the rewards in 2012 with significant jumps in billable hours, revenue and profits. Full Text
Dechert was able to increase its net profit in 2012 while growing partner ranks and footing the bill for significant international expansion thanks to an 8.6 percent increase in gross revenue last year, the firm said. Full Text
Following a 2011 fiscal year in which its revenue stayed nearly flat, Saul Ewing saw its 2012 revenue shoot up 7.8 percent despite only a modest increase in headcount. Full Text