Bilzin Sumberg Sets Its Own Standard for Success
Bilzin Sumberg isn't on the list of the 200 top grossing U.S. law firms, or that of the firms with the most lawyers. But it regularly ranks among them in terms of profits per partner and revenue per lawyer.
April 21, 2017 at 02:00 AM
15 minute read
Bilzin Sumberg Baena Price & Axelrod isn't on the Am Law 200 list of top grossing U.S. law firms. But it regularly ranks among them in terms of profits per partner and revenue per lawyer.
While Bilzin's profits per partner dipped over 1 percent in 2016 to $1.6 million, the profit breakdown they report for each of their 24 equity partners is still higher than what has been reported for any other Florida-based firm , including global firms like Holland & Knight and Greenberg Traurig. And this unusually high profit per partner occurred despite a gross revenue drop of 1.3 percent in 2016, to $81.3 million.
“For at least the last eight or nine years, our firm has produced economically, where we have been No. 1 or 2 in both profits per partner or revenue per lawyer, according to your statistics,” said Bilzin co-founder John Sumberg, referring to the Daily Business Review's ranking of top Florida-based firms.”We believe there is a place in this community for a preeminent regional firm, and we think that is our niche, and we think that the results have borne that out.”
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