Phil Inglima, chair of Crowell & Moring. Photo: Diego M. Radzinschi/ALM Without Contingency Fees Windfall, Crowell's Gross Revenue Inched Up 0.9% to $595 million
PEP declined without a significant windfall from contingency receipts. But the firm's base business revenue was up 6.8%, Crowell Chair Phil Inglima said.
March 07, 2024 at 01:27 PM
4 minute read
What You Need to Know
- Gross revenue increased at a slower rate than previous years as the level of contingency receipts returned to lower levels.
- In recent years, the firm has reported double-digit percentage revenue growth supported by hefty contingency fees.
- The firm is looking to continue growing its transactional and corporate capabilities, particularly in midmarket M&A.
After double-digit percentage gains in recent years, Crowell & Moring's growth in gross revenue slowed last year, inching up 0.9% to $595.5 million, as receipts from the firm's contingency docket returned to lower levels last year.
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