Even after a strong 2019 in which Venable’s revenue soared, the firm said it has taken steps to respond to the economic uncertainty created by the coronavirus pandemic, including postponing partner distributions, reducing salaries and furloughing certain staff.

Venable’s gross revenue shot up 15.2% to $657 million in 2019, its first full year after combining with 100-lawyer intellectual property boutique Fitzpatrick, Cella, Harper & Scinto. Its profits per equity partner inched up to $1.17 million, with a 30% profit margin.

This content has been archived.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

Why am I seeing this?

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]