Shutts & Bowen’s gross revenue rose by $4 million to $151 million in 2016, a 2.7 percent increase over 2015. The firm attributed the increase to work on significant acquisitions in the financial services sector, a real estate development rebound and growth in specialized areas.
The firm reported a net income of $66 million, which marked a 5.6 percent increase over 2015. The firm’s 87 equity partners saw profits per equity partner rise to $760,000, an increase of $20,000, or 2.7 percent, over 2015. The firm reported a profit margin of 44 percent.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
