As compared with 2022, Fish & Richardson’s financial performance in 2023 represented a slight regression in most major metrics. Revenue slid 2.4%, net income was down 9.3%. The firm’s profit margin fell three percentage points to 35% and realization dropped by more than 5%.

And yet, firm president and CEO John Adkisson, who was recently reelected after initially taking the helm in February 2020, said he was happy with the firm’s performance last year.