Peter V. Michaud of Ballard Spahr. Courtesy photo Welcoming New Chair, Ballard Spahr Boasts Steady Revenue Alongside PEP Dip
"We outperformed in M&A," said Peter Michaud. "We have done that historically, where when the market sees a downturn in M&A, we'll still do well."
March 27, 2024 at 01:58 PM
6 minute read
Law Firm Profitability
What You Need to Know
- Peter Michaud replaced longtime chair Mark Stewart at the start of 2024.
- He highlighted a strong 2023 for litigation and M&A work.
- This was balanced by weaker demand overall for financial services and a relatively flat real estate market.
Ballard Spahr saw mixed financial results in the final year of longtime chair Mark Stewart's tenure, ushering in newly appointed chairman Peter Michaud with steady gross revenue alongside a dip in profits per equity partner.
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