Grant Palmer, chair and managing partner of Blank Rome. Courtesy photo Focused on Long-Term Profit Growth, Blank Rome Sees Strong 2023
This is the fifth consecutive year in which net income growth surpassed 8.5%, coinciding with the course of the firm's five-year strategic plan.
February 29, 2024 at 07:16 PM
6 minute read
Law Firm Profitability
What You Need to Know
- Blank Rome saw increases in revenue, profitability, and net income in 2023, with firm chairman and managing partner Grant Palmer attributing the strong year to an increase in demand as well as controlled expenses and head count growth.
- The firm also saw a last-minute boost in transactional demand, matching 2022 levels.
- 2024 is set for additional controlled growth across the firm's preexisting offices, including in the firm's newly opened Dallas location.
Blank Rome saw growth across the board in 2023, including a double-digit increase in net income and notable spikes in profits per equity partner (PEP) and gross revenue.
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