WilmerHale offices in Washington, D.C. Photo: Diego M. Radzinschi/ALM Wilmer Sees Growing Share of Fees From Meta, as Firm's Total Revenue Expands
Law firms may face business risks if a single client's bills make up more than 5% of a firm's total revenue, some consultants suggest, while others say the threshold would have to be much higher.
April 05, 2024 at 03:11 PM
4 minute read
Law Firm Client Relationships
What You Need to Know
- In 2023 and 2022, Meta's legal fees to Wilmer represented 5% of the firm's overall gross revenue.
- In 2021 and 2020, Meta's legal fees to Wilmer represented less than 5% of the firm's revenue.
As Wilmer Cutler Pickering Hale and Dorr has increased its top line over time, the firm has raked in higher legal fees from a single client, Meta Platforms, making up a slightly greater percentage of the firm's overall revenue in recent years.
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