Ben Mathis Jr. of Freeman Mathis & Gary. Courtesy photo Freeman Mathis & Gary Saw Revenue, Profits Rise Alongside Head Count in 2023
"Gross revenue increases don't tell me anything other than they reflect that we're bigger than we were last year," managing partner Ben Mathis Jr. said.
May 28, 2024 at 03:29 PM
5 minute read
Law Firm Management
The original version of this story was published on Daily Report
What You Need to Know
- Freeman Mathis & Gary relied on its core litigation practices to help drive big revenue and net income increases last year.
- The addition of lawyers and new offices cut into the funds the growing firm dispersed to attorneys.
- It billed for more hours, raised rates and increased realization but also saw profits rise only 3.2%.
Freeman Mathis & Gary relied on its core litigation practices to help drive big revenue and net income increases last year, but the addition of lawyers and new offices cut into the growth of funds it dispersed to attorneys.
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