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.
Blank Rome’s gross revenue grew 6.3 percent from $309.5 million in 2011 to $329 million in 2012. The firm’s revenue per lawyer (RPL) jumped nearly 7 percent from $655,000 to $700,000. On the profit side, profits per equity partner (PPP) soared 15.4 percent from $650,000 to $750,000 and the average compensation for all partners rose 19.4 percent from $490,000 to $585,000.
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