Saul Ewing Arnstein & Lehr in Miami. Photo: J. Albert Diaz/ALM Saul Ewing's Expense Cuts Boosted PEP 14% Despite Flat Revenue
"The onslaught of the pandemic resulted in a number of expense reductions that just occurred organically," managing partner Barry Levin said.
February 26, 2021 at 03:49 PM
6 minute read
Saul Ewing Arnstein & Lehr's gross revenue in 2020 didn't amount to what firm leaders projected pre-pandemic, growing by less than 1% from 2019. But due to a significant cutback in expenses because of the shift to virtual work, the firm surpassed its predictions for profitability, showing double-digit growth in net income and profits per equity partner.
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