Lowenstein Sandler increased its revenue and profits by 13% apiece last year as the firm ramped up hiring.
The law firm grew gross revenue to $442 million over the year, thanks to higher-value legal work from clients across practices, Gary Wingens, Lowenstein’s chair and managing partner, said in an interview. The firm grew profits per equity partner to $3 million, while its revenue-per-lawyer came in at just under $1.4 million.
Lowenstein has an embarked on an ambitious stategy to double headcount in certain practices and boost productivity through technology. The firm added “a record-breaking” 18 lateral partners in 2024 across ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.