Luca Salvi, chairman of Sheppard Mullin. Courtesy photo Revenue Rises Again at Sheppard Mullin, Along With Demand in Countercyclical Practices
Marking 32 years straight of higher revenue, rising 6.5% in 2023, Sheppard, Mullin, Richter & Hampton also saw even healthier increases in net income and profits per equity partner.
March 28, 2024 at 10:53 AM
5 minute read
Law Firm Profitability
What You Need to Know
- Sheppard, Mullin, Richter & Hampton posted positive financials in 2023 as demand rose in practices including litigation, investigations and bankruptcy.
- Even with a slight dip in the number of equity partners, profits per equity partner rose by 10.1%
- The firm is looking to expand in several markets by hiring laterals or groups.
Continuing a long streak of rising revenue, Sheppard, Mullin, Richter & Hampton also posted significantly higher profits in 2023, when profits per equity partner improved by 10.1%, as the firm adjusted from a decade-long boom in transactional practices to more work in litigation, investigations and bankruptcy.
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