Lateral partners are paid the same as they would be if they were in the equity tier, so they're not serving as "de facto leverage" for the existing equity partners, noted the firm's leader.
April 05, 2024 at 04:05 PM
4 minute read
Editorial
Broad-based practice growth and new investments in places such as Southern California helped Spencer Fane grow its topline by 16.5% to $266.8 million last year. The firm’s revenue per lawyer and profits per partner also increased by roughly 8% each.
The Missouri-founded firm, which also officially added offices in Salt Lake City and Washington, D.C. earlier this year, grew its nonequity ranks by more than 12.5% in 2023 and total nonequity compensation by 21.8% last year.
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Pat Whalen, chair and managing partner, Spencer Fane. Courtesy photo
