Mark Stewart, left, and Peter Michaud, right, of Ballard Spahr. Courtesy photos To Ballard Spahr Leaders, Flat Profits Prove 2021 Repeatable, If Not Improvable
"Going into 2022, the test we thought we were going to see is, 'Is this a sustainable number?'" chair Mark Stewart said of revenue that jumped by double digits the previous year. "We saw modest growth, but we answered the critical question, 'Yes, this is where we are.'"
February 24, 2023 at 06:01 PM
6 minute read
Law Firm Profitability
Ballard Spahr's revenue ticked upward by 2.5% in 2022, hitting $482.2 million, while profits per equity partner were essentially flat from the previous year.
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