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Ballard Spahr Photo: Diego M. Radzinschi/ALM

Ballard Spahr saw another year of modest growth in 2020, as the firm looked to right-size its lawyer ranks when opportunities presented themselves, allowing profits per equity partner (PEP) to grow at a double-digit clip.

But the firm’s reluctance to cut employee positions amid a pandemic may have held it back from achieving the same remarkable jump in profits that other Am Law 100 firms have reported—the firm’s net income shrank slightly, and the increase in PEP came with a near-equal decrease in the number of equity partners.

The Philadelphia-based Am Law 100 firm had a 1.4% increase in its gross revenue, to $426,926,000. Revenue per lawyer (RPL) grew 2.7%, to $721,000, as total lawyer head count shrank by 1.2%, to 593.

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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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