(L-R) Gina Kastel, Andrew Kassner and Tom Froehle of Faegre Drinker Biddle & Reath. Courtesy photos. Flat Profits at Faegre Drinker as Transactional Work Declined and Expenses Mounted
While some of the firm's corporate and transactional practices softened in 2022, leaders said that change highlighted the importance of maintaining a roughly 50/50 balance between litigation and corporate work.
February 28, 2023 at 04:21 PM
6 minute read
Faegre Drinker Biddle & Reath managed to hold onto the same level of profits per equity partner (PEP) in 2022 amid declining transactional work and the expiration of pandemic-era cost reductions.
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