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Froehle Kassner Tom Froehle, left, and Andrew Kassner, right, of Faegre Drinker Biddle. Courtesy photo

After the first year of its existence, Faegre Drinker Biddle & Reath’s full firm financial results look nearly identical to what one might have expected by merging the 2019 performance of Midwest-based Faegre Baker Daniels and Philadelphia-born Drinker Biddle & Reath.

Upon announcing the combination in December 2019, firm leaders projected nearly $1 billion in gross revenue. While the 2020 results fell short of $1 billion, Faegre Drinker leaders said they met their goal for net income, thanks to significant expense savings.

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Justin Henry

Justin Henry covers business news and trends at law firms, with a particular focus on the Pennsylvania market. Reach him at [email protected] or on Twitter @jstnhenry87

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