Lorie Almon, chair-elect, Seyfarth Shaw. Courtesy photo Despite Industry Declines in Real Estate, Seyfarth Grew Revenue, Net Income by 3%
While Seyfarth's head count decreased last year, the firm is looking for growth in its major markets and "actively exploring" the South Florida market, the firm's leader said.
March 27, 2024 at 05:16 PM
3 minute read
Law Firm Profitability
What You Need to Know
- Despite a 5.6% drop in demand in real estate across the industry, Seyfarth's real estate lawyers 'still thrived,' said firm leader Lorie Almon.
- The firm also found labor and employment, commercial litigation and benefits work driving growth.
- Almon said Seyfarth is 'actively exploring' the South Florida market, where it currently doesn't have an office.
With countercyclical practices in employment and litigation helping to drive growth, Seyfarth Shaw rose revenue by 3%, reaching close to $900 million, while the Am Law 100 firm maintained average profits per equity partner at nearly $1.5 million last year.
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