Larry Campagna, Houston-based managing shareholder for Chamberlain Hrdlicka. Courtesy photo Increased IRS Enforcement Helped Chamberlain Hrdlicka Grow Revenues, Profits in 2023
The Southeast being "kind of the epicenter of IRS enforcement" involving conservation easement disputes in 2023 was the main driver of increased profits, the managing shareholder said.
April 30, 2024 at 04:45 PM
5 minute read
Law Firm Profitability
The original version of this story was published on Daily Report
What You Need to Know
- Chamberlain Hrdlicka's tax controversy services saw increased demand in 2023.
- The firm increased its revenues by 17%, net income by 21%, and profits per partner rising 20%.
- Tax controversy and tax planning were high-performing practices, while it also added a former IRS official as a shareholder.
Heightened IRS enforcement throughout the year increased demand for the services of tax-focused Chamberlain, Hrdlicka, White, Williams & Aughtry and allowed it to increase revenues and profits in 2023 as it billed more work, its leader said.
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