McGuireWoods’ growth slowed amid depressed demand in 2022, with the firm seeing a modest 2.5% rise in revenue, up to $977.3 million. Meanwhile, average profits per equity partner fell by 4.7% to $1.957 million, as the firm’s equity tier expanded by nearly 10%.
Following at least four consecutive years of double-digit profit growth, the firm posted $407.3 million in net income in 2022, reflecting a 4.8% rise over 2021.
