Pat Whalen, chair and managing partner, Spencer Fane. Courtesy photo Spencer Fane Notches 16.5% Topline Growth as Firm Seeks Out More Markets
Lateral partners are paid the same as they would be if they were in the equity tier, so they're not serving as "de facto leverage" for the existing equity partners, noted the firm's leader.
April 05, 2024 at 04:05 PM
4 minute read
Law Firm Management
Broad-based practice growth and new investments in places such as Southern California helped Spencer Fane grow its topline by 16.5% to $266.8 million last year. The firm's revenue per lawyer and profits per partner also increased by roughly 8% each.
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
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