Womble Bond Dickinson's Revenue Rises Amid Flat Profits Per Partner

"We're not going to limit the people who should be partners when they've achieved the firm's milestones," said CEO Betty Temple.

March 21, 2024 at 01:51 PM

6 minute read

Law Firm Management

Thomas Spigolon

What You Need to Know

Womble Bond Dickinson's revenue and net income increased in 2023 as it billed for more hours and raised rates.
But its profits were flat and average compensation for all partners dropped amid an increase in both partner tiers.
The firm's leader said its financial numbers were largely driven by an emphasis on talent development.

Womble Bond Dickinson's revenue and net income increased as it billed for more hours, raised billing rates and saw strong activity in practices such as life sciences and manufacturing.