Peter Sullivan, chairman of Hinshaw & Culbertson. Courtesy photo Hinshaw, After Lateral Hires and Combination, Grows Revenue and Profits Double Digits
Average PEP shot up more than 34%, as retirements and the progression of some lateral partners through a contract stage had some effect, said firm chair Peter Sullivan.
April 15, 2024 at 02:00 PM
4 minute read
Law Firm Profitability
What You Need to Know
- PEP skyrocketed more than 34%, with retirements and some lateral partners in a contract stage, said firm chair Peter Sullivan.
- An increase in rates, plus a surge in civil litigation broadly, also impacted the firm's performance.
- The firm's combo with a Chicago boutique and group laterals helped grow head count, the 'primary' factor in the firm's revenue increase.
Hinshaw & Culbertson, with a significant Chicago combination and growth in existing offices, saw revenue climb last year by nearly 12%, to north of $218 million.
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