Continuing on a decade-long path of “steady, sustainable, strategic growth,” Cozen O’Connor booked a 5.5% increase in gross revenue in 2023, boosting its top line by about $34 million to just over $653 million.
Boasting an intentionally diversified practice mix and income stream, the firm also fleshed out its nonequity tier, seeing an 8.7% jump in nonequity partner head count and a 4.5% overall increase in the partnership tier. Despite this growth, the firm delivered a 2% increase in profits per equity partner (PEP), coming in at $1.139 million.
