Nancy Greene, chairman and CEO of Miles & Stockbridge. Courtesy photo Miles & Stockbridge Sees Revenue and Profits Rise as Partnership Contracts
CEO Nancy Greene said the firm is looking at expansion possibilities, including in Wilmington and New York.
March 27, 2024 at 11:35 AM
4 minute read
Law Firm Profitability
What You Need to Know
- The firm saw its highest profits per equity partner and revenue per lawyer in firm history in 2023.
- However, the firm's attorney head count declined, particularly in its nonequity ranks, which declined by 16%.
- CEO and chair Nancy Greene said the firm is looking at expansion possibilities in 2024 in markets such as Wilmington and New York.
Baltimore-based Miles & Stockbridge is looking toward geographic expansion after seeing gross revenue rise by around 2% to $128.5 million while profits per equity partner and revenue per lawyer reached their highest point in firm history.
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