Wake Up Call: Sheppard Mullin Extends Revenue Growth Streak

Welcome to Bloomberg Law’s Wake Up Call, a daily rundown of the top news for lawyers, law firms, and in-house counsel.

• Sheppard Mullin expanded its revenues 4.8% to $1.05 billion in 2022, its 31st consecutive year of revenue growth, as balanced practices drove demand. The Los Angeles-headquartered firm’s average profits per equity partner contracted 6.5% to $2.1 million, thinned by a growing equity partnership, and spending on talent and expansion, among other things, according to a report based on early data. (The Recorder)
• Mintz PC’s solid intellectual property and litigation practices helped the firm post a revenue gain ...