Photo: Jason Doiy/ALM Strategic Plan, New Data Practice Carry Baker & Hostetler to 26% Profit Jump
Revenues climbed 7.8% at the Cleveland-founded firm to hit $789.4 million.
February 19, 2021 at 01:24 PM
4 minute read
Baker & Hostetler chairman Paul Schmidt credits the firm's decision to stick with the five-year plan it initiated at the start of 2020 as a key reason the Am Law 100 firm finished the year with healthy growth, boosting revenues by 7.8% to hit $789.4 million.
"We were glad we had it," said Schmidt, the Washington, D.C.-based leader of the firm for the past two years. "We actually relied very heavily on it to provide a road map to make progress in the midst of uncertainty. It allowed us to stay focused on priorities and make better advancement and cost-containment decisions."
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