Courtesy photo Miles & Stockbridge's Leader Shrugs Off 2022 Revenue Dip, Blaming Early Transactional Lull
"I don't know what the whole year will look like. But I'm feeling really positive going into 2023, particularly when other firms are telling you that they're not," said CEO Nancy Greene.
February 17, 2023 at 12:37 PM
5 minute read
Baltimore-based Miles & Stockbridge reported a dip in its 2022 revenue due to a sluggish start to the year caused by slower than usual corporate activity.
The firm disclosed over $125 million in gross revenue in 2022, or 4.7% less than its 2021 revenue of almost $132 million. Meanwhile, profits per partner and head count both decreased as well. But the firm's CEO Nancy Greene argued that matching 2021′s explosive growth was always bound to be a challenge. Additionally, she's confident that recent firmwide changes are helping the firm grow even amid rumblings of a recession.
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