X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
2003′s 10th place finisher, Sedgwick, Detert, Moran & Arnold, enjoyed a strong year, despite slipping off the chart. The 353-lawyer firm netted $41 million on gross revenue of $147 million in 2004, allowing its 60 equity partners to take home an average $680,000. Sedgwick Managing Partner Kevin Dunne said heavy commercial litigation and product liability workloads propelled healthy increases in revenue and profits. But, he said, “the biggest reason for our increase in [profit] is our decrease in expenses.” Along with moving into cheaper office space, the litigation firm saved money by reducing its secretary to attorney ratio, said Dunne. The cost savings and an increasing number of billable hours for a host of trials — Sedgwick gained 25 defense verdicts with no courtroom losses last year — offset diminishing work in environmental tort defense. But Dunne stressed that cost controls have been a key ingredient in Sedwick’s recent growth, and will continue to be a priority for the firm over the next year. “Consultants who come to see us say we run very leanly, which is what we aim to be,” he said.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]

 
 

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.