At $217 million, Ice Miller’s gross revenue increase of 6.3% last year wasn’t the level of growth firm leaders expected for 2020 prior to the onset of the COVID-19 pandemic. But a substantial decrease to the firm’s expense line resulted in a more than 20% increase in profits.

Firm leaders at the Indianapolis-based law firm originally budgeted for an aggressive 15% growth in gross revenue last year, said chief managing partner Steven Humke. But, he said, they dialed back their projections in the second quarter, after clients said they would need flexible accommodations in their billing arrangements.

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