Strategic Payoff: Carlton Fields Sees Double-Digit Growth in Partner Profits
Gross revenues saw a smaller increase of 4.4 percent
March 14, 2019 at 03:08 PM
3 minute read
The original version of this story was published on Daily Business Review
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National litigation firm Carlton Fields has reported a double-digit increase in partner profits amid a slight decline in head count and growth in gross revenue.
Its profits per equity partner increased 15.5 percent to $782,000, and its net income saw a 15.8 percent increase to $46.9 million. The Florida-based firm, which has an office in Hartford, saw revenues grow by 4.4 percent to $182 million, according to ALM data.
Carlton Fields' president and CEO, Gary Sasso, said the firm was able to substantially increase its profits despite the smaller increase in revenues because it has kept to its mission of staying lean and efficient.
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