Wake Up Call: Seyfarth Profits Down as Equity Partnership Grows

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• Seyfarth Shaw increased its revenues 8.8% last year to $855.9 million helped by “adaptive” practices including real estate and labor and employment. Its average profits per equity partner shrank 1.1% to $1.47 million as it expanded its equity partnership by 6.7% to around 214, according to a report based on preliminary data. (American Lawyer)
• Steptoe & Johnson said its revenue growth slowed to 3% in 2022, but that was good enough to post a record $434.6 million. ...