Chase Simmons of Polsinelli. Courtesy photoPolsinelli's Revenue and Profits Surge Amid Partner De-Equitizations, Retirements
With revenue growing 13%, practices such as health care, real estate, labor and employment and litigation were “clicking on all cylinders," said the firm's CEO.
November 25, 2024 at 05:23 PM
5 minute read
As its equity partner tier shrank, Polsinelli saw double-digit revenue growth in 2024 and a 31.2% surge in average profits per equity partner. The firm’s leader acknowledged Polsinelli’s equity tier saw “some de-equitizations and retirements” in the last year, contributing to a 15% decline in the equity ranks to 108 partners, while its nonequity tier grew by 14% to 473 partners.
In all, revenue grew 12.6% to $964.1 million in 2024 and PEP jumped to $2.5 million, while revenue per lawyer increased 5.6% to $939,000, according to preliminary financial reporting by The American Lawyer. Polsinelli's financial year ended on Oct. 31.
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