Smith Gambrell's 2016 Growth Extends Into 2017
The firm posted increases in revenue and income as it expands in the U.S. and in the U.K.
April 14, 2017 at 02:53 PM
13 minute read
It was a year of growth in 2016 for Smith, Gambrell & Russell.
“2016 was a continuation of our growth plan,” said Stephen Forte, the firm's chairman. “We increased revenue and profit while working on new markets.”
Smith Gambrell posted a healthy 4.8 percent increase in revenue to $97.5 million last year, following a 2.9 revenue increase in 2015.Net income increased 3.2 percent to $32 million, resulting in average profit per partner of $625,000 for the firm's 51 equity partners—up $5,000 from the prior year. The firm added a net of one equity partner and its nonequity partners decreased by two to 66, for 117 total partners.
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