Brian Waldman, left, and Anthony Lupo, right, of ArentFox Schiff. Courtesy photos As New Client Business Expands, ArentFox Schiff Sees Revenue and Profit Spike
"Ten percent of our revenue came from brand-new clients, [which] we attribute in large part to the merger," firm managing partner Brian Waldman said.
March 11, 2024 at 04:59 PM
3 minute read
Law Firm Profitability
What You Need to Know
- The firm saw its revenue, PEP and net income all increase, in the second year following its merger.
- Managing partner Brian Waldman attributed some revenue growth to new clients and momentum from the merger.
- While the firm head count decreased slightly last year, the firm is looking to grow within its existing offices in 2024.
In the second year following its merger, ArentFox Schiff saw an 8.4% spike in its gross revenue to $578.8 million in 2023, as the firm saw a boost in business from new clients.
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