Jonathan Skeeters of Bradley Arant. (Courtesy photo) Bradley Arant Sees Revenues Rise and PEP Fall Amid 12% Equity Partner Expansion
The firm's PEP dropped by 5% to $820,000, as its equity tier expanded and its nonequity tier shrunk by 9%, bucking a trend in the industry of growing the nonequity ranks.
February 21, 2024 at 01:46 PM
5 minute read
Law Firm Profitability
What You Need to Know
- Bradley Arant Boult Cummings' 2023 revenues were a 43% increase from 2019.
- But its PEP dropped compared with 2022 as it added more lawyers and opened a new office, its chairman said.
- The firm's successes in M&A and commercial real estate helped fuel the revenue increase.
Am Law 200 firm Bradley Arant Boult Cummings saw its revenues and net income rise in 2023, but the addition of new lawyers and partners throughout the year cut into its profits, its chairman said.
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