Washington, D.C.-headquartered Venable has seen yet another consecutive year of financial growth, increasing its gross revenue by around 12% to $812.1 million in 2023. The firm has reported consecutive revenue growth for over a decade.

Fiscal 2023 financial chart for Venable

Meanwhile, the firm increased its profitability and net income, though at a lower rate than its revenue. The firm’s profits per equity partner (PEP) went up 5.2% to $1.3 million despite the firm increasing its equity partners count by 4.9% to 195. The firm saw its net income climb around 10%, to $260.6 million.