The firm reported its 22nd consecutive year of revenue and net income growth while a $9.63 million PPP loan helped the firm avoid layoffs and widespread payouts.
March 05, 2021 at 07:22 PM
1 minute read
Reporter
Shutts & Bowen is a rare Am Law 200 firm that hasn’t seen a dip in revenue or profits in more than two decades, despite the 2008 financial crisis and the 2020 COVID-19 pandemic.
The Miami-based firm posted a 2.1% increase in gross revenue at $187.1 million. Revenue per lawyer grew by a similar margin: 2.9% at $667,000.
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