Robert Sartin, with Frost Brown
The firm saw declines in profits per equity partner as the number of equity partners remained flat and its overall head count rose 3.5 percent.
February 27, 2019 at 05:16 PM
1 minute read
Mid-market law firm Frost Brown Todd has reported a drop in revenue and profits in FY2018 compared to the year before.
Gross revenue declined 1.4 percent, from $223.6 million in FY2017 to $220.4 million in FY2018. Revenue per lawyer fell 3.4 percent, from $503,000 to $486,000 over the same period, while profits per equity partner dropped from $501,000, to $453,000—a decline of 9.6 percent.
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