Revenue at Duane Morris inched upward in 2023, while the firm’s profits per equity partner shrunk as the firm continued to face transactional headwinds from 2022, contracting by 3.6% to hit $1.18 million.
Gross revenue grew 2.8% to $648.8 million and revenue per lawyer grew 1.8% to $881,000, respectively, as the firm demonstrates ongoing momentum in over a decade and a half of revenue growth.