Loeb & Loeb Sees Double-Digit Revenue Growth Under NY Chairman
Loeb & Loeb saw revenue and head count both increase by 12.6 percent last year.
March 27, 2019 at 11:16 AM
4 minute read
The original version of this story was published on The Recorder
Under the leadership of a new chairman, Loeb & Loeb saw revenue growth that exactly matched head count growth in 2018, as it increased profits incrementally.
The Los Angeles-headquartered firm, which ranked 107th on the Am Law 200 in 2017, increased gross revenue by 12.6 percent to $344.91 million in 2018, while profits per equity partner (PEP) grew by 2.1 percent, from $1.68 million in 2017 to $1.71 million last year.
The firm's net income jumped 9 percent over the prior year to $82.27 million. That growth in profits came even as the firm joined industry leaders in raising associate starting salaries to $190,000.
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