Close Menu
Newsletter
Firms

Smith Gambrell Sees Revenues Grow, Profits Fall Amid 2023 Merger

News RoomBy 5 Mins Read



Smith Gambrell Sees Revenues Grow, Profits Fall Amid 2023 Merger | Daily Report
















Page Printed From:

https://www.law.com/dailyreportonline/2024/04/24/smith-gambrell-sees-revenues-grow-profits-fall-amid-2023-merger/

Stephen M. Forte managing partner and chairman of the executive committee of Smith, Gambrell & Russell. Stephen M. Forte managing partner and chairman of the executive committee of Smith, Gambrell & Russell. (Courtesy photo)

NEWS

“We viewed ’23 as an important investment year for us to bring more scale for us and to be present in one of the major markets in a bigger way,” said managing partner Stephen Forte.

April 24, 2024 at 01:16 PM

3 minute read

Thomas Spigolon

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

What You Need to Know

  • Smith, Gambrell & Russell saw its revenues rise for at least a ninth straight year in 2023.
  • But its profits fell as it absorbed the costs associated with its April merger with Chicago-based Freeborn & Peters.
  • Revenues rose 18% to $216 million but average profits per equity partner decreased 15% to $1.18 million in 2023.

Smith, Gambrell & Russell saw its revenues rise for at least a ninth straight year in 2023 but its profits fell as it absorbed the costs associated with its April merger with Chicago-based Freeborn & Peters.

The move added the litigation-focused Freeborn firm and gave Smith Gambrell a bigger foothold in Chicago after it added litigation boutique Figliulo & Silverman in 2022.

You Might Like

3 minute read

8 minute read

4 minute read

6 minute read

More From ALM

With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. This is perfect for attorneys licensed in multiple jurisdictions or for attorneys that have fulfilled their CLE requirement but need to access resourceful information for their practice areas.
View Now

Our Team Account subscription service is for legal teams of four or more attorneys. Each attorney is granted unlimited access to high quality, on-demand premium content from well-respected faculty in the legal industry along with administrative access to easily manage CLE for the entire team.
View Now

Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. Both options are priced the same.
View Now


June 20, 2024
Atlanta, GA

The Daily Report is honoring those attorneys and judges who have made a remarkable difference in the legal profession.

Learn More


April 25, 2024
Dubai

Law firms & in-house legal departments with a presence in the middle east celebrate outstanding achievement within the profession.

Learn More


April 29, 2024 – May 01, 2024
Aurora, CO

The premier educational and networking event for employee benefits brokers and agents.

Learn More

A large and well-established Tampa company is seeking a contracts administrator to support the company’s in-house attorney and manage a wide…

Apply Now ›

We are seeking an attorney to join our commercial finance practice in either our Stamford, Hartford or New Haven offices. Candidates should …

Apply Now ›

We are seeking an attorney to join our corporate and transactional practice. Candidates should have a minimum of 8 years of general corporat…

Apply Now ›


04/15/2024
Connecticut Law Tribune

MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS

View Announcement ›



Share.

Related Posts