Sheppard Mullin’s revenue grew 4.8% to $1.05 billion in 2022, while rising lawyer head count and expansionary investments drove declines in profits and net income.

“We had a fantastic growth year,” Sheppard Mullin chair Luca Salvi said. “It was our 31st consecutive year of revenue growth year-over-year. We saw challenges, but we continued to focus on what was most important for us.”

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