Dallas Texas (Photo: Shutterstock.com) Revenue Up at Most Homegrown Texas Firms in 2022, but Profit Growth Lagged
A number of the firms brought in a record amount of revenue in 2022, compared with 2021.
April 12, 2023 at 04:00 PM
5 minute read
Following a developing national trend with firm financials, revenue improved in 2022 at most of the larger homegrown Texas firms, but profits growth lagged, with fewer posting substantial growth in profits per equity partner.
Meanwhile, almost all of the nine Texas firms that appeared on the Am Law 200 last year improved revenue per lawyer (RPL) in 2022 when compared with 2021, but six of them added lawyers, a move that can boost revenue.
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