James Lehman. (Courtesy photo) Profits Spike at Nelson Mullins as Firm Sees Expense Savings and Steady Demand
The firm's equity partnership ranks decreased slightly, while its nonequity tier expanded by 7% amid a set of promotions.
February 09, 2021 at 04:07 PM
6 minute read
James Lehman. (Courtesy photo)
Nelson, Mullins, Riley & Scarborough saw a moderate increase in revenue in 2020—and a double-digit percentage increase in profit—amid a steady demand in its core transactional and litigation practices.
Revenue grew 3.4% to $577.08 million, resulting in a 2.5% increase in revenue per lawyer to $773,000. Meanwhile, net income rose 12.2% to $225.14 million, pushing up average profits per equity partner 15.6% to $1,324,000.
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