Austin, Texas, downtown skyline over the Colorado River. Credit: Sean Pavone/Adobe Stock Loss of Rainmakers Still Tamping Down Financials of Homegrown Texas Firms
Texas-founded firms that participated in the Wells Fargo Legal Specialty Group 2021 Year-End Check-In Survey posted average revenue and profits increases for the year that lagged the national average.
February 03, 2022 at 01:05 PM
3 minute read
Firms founded in Texas lagged the national average in revenue and profit growth in 2021, as out-of-state firms continue to move into the market, but Texas firms still bettered their 2020 performance, according to a new survey.
Revenue improved by 8% for the eight homegrown firms that participated in the survey, compared with the national average of 14% for all firms in the survey, according to the Wells Fargo Legal Specialty Group 2021 Year-End Check-in Survey Results.
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