Tracy Walker, managing partner of McGuireWoods. (Courtesy photo) McGuireWoods Sees Uptick in Revenue as PEP Falls Amid Shifts in Partnership Ranks
Despite a slowdown in M&A and "disappointing" performance in restructuring and workouts, the firm's leader said strong performance in middle market PE and health care helped to make up for the losses.
March 02, 2023 at 02:53 PM
4 minute read
Law Firm Profitability
McGuireWoods' growth slowed amid depressed demand in 2022, with the firm seeing a modest 2.5% rise in revenue, up to $977.3 million. Meanwhile, average profits per equity partner fell by 4.7% to $1.957 million, as the firm's equity tier expanded by nearly 10%.
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