Driven by growth, value pricing and demand across core practices, Phelps Dunbar posted a 12.5% increase in revenue and a 12.3% improvement in profits per equity partner in 2022, as the Louisiana-founded firm leveraged its Gulf South focus.

Demand increased by about 10% overall, contributing to the increase in revenue, which was also boosted by a 6% increase in lawyer head count. Managing partner Marshall Redmon said “marginally higher” billing rates also contributed to the increase in revenue, but the firm remains a “value proposition” in its markets and for the work it does.