https://www.law.com/dailyreportonline/2024/03/07/ogletree-deakins-rebounds-seeing-revenue-and-profit-growth-amid-strong-employment-practice-demand/
NEWS
Firm leader Liz Washko said “the largest part” of the revenue increase could be attributed to demand remaining strong and lawyers “working harder” after its hours billed increased 6.7%.
March 07, 2024 at 05:36 PM
5 minute read
What You Need to Know
- Ogletree Deakins saw gross revenues rise 8.3% to $650.67 million after only rising 2.7% in 2022.
- Profits per partner increased 5.3% to $933,000 in 2023 after plunging 15.7% in 2022.
- The firm was able to increase revenue in part because its labor and employment practices operate on a countercyclical basis.
Ogletree, Deakins, Nash, Smoak & Stewart rebounded to higher revenue and net income in 2023, amid heavy demand in states like California for its core labor and employment practices.
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