Pointing to increased attorney head count and realization, even as billing rates went up, Benesch, Friedlander, Coplan & Aronoff generated a 30% revenue increase last year, growing to roughly $348 million. Average profits per equity partner increased more than 17%, to $906,000, even with the firm increasing its equity ranks by about 7%. Net income was up 25%, and revenue per lawyer also grew 8.5%.
Firm managing partner Gegg Eisenberg said in an interview that Cleveland-founded Benesch increased its billing rates by about 10% last year. That’s in line with some law firm billing rate increases last year.