Credit: Blue Planet Studio/Adobe Stock Regional West Coast Firms See Modest Gross Revenue Increases, as Equity Partner Tiers Contract
Hanson Bridgett, Stoel Rives and Procopio all had gross revenue or profit increases last year, while declines in their equity partnerships helped to boost PEP.
March 26, 2024 at 05:37 PM
6 minute read
What You Need to Know
- All three West Coast firms saw modest revenue increases in 2023, with Procopio seeing the highest percent increase at 5%.
- Stoel Rives and Procopio's total attorney head count fell last year, while Hanson Bridgett's increased.
- The firms have seen rising expenses and indicated that technology will continue to be one of the drivers of expense growth.
Reflecting sustained demand in the midmarket, several Second Hundred law firms on the West Coast saw a boost in revenue in 2023, and some reversed their financial losses from the prior year.
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