The Kansas City, Missouri-based firm posted a 3 percent decline in PPP in 2014 while gross revenue grew 2.4 percent. Revenue per lawyer declined 1.4 percent and the firm added 18 attorneys to its head count. Shook Hardy's financial results come amid an announcement Tuesday that it would absorb Chicago-based complex commercial litigation boutique Grippo & Elden.
February 24, 2015 at 10:55 PM
1 minute read
Kansas City, Missouri-based Shook Hardy & Bacon saw a modest increase in gross revenue while profit per partner continued to tumble amid growing head count.
Shook Hardy’s profit per partner slipped 3 percent to $805,000 in 2014 from $830,000 the year before, marking the third consecutive year the firm experienced a decline. Revenue per lawyer fell 1.4 percent to $690,000 while gross revenue showed improvement from the last couple of years by growing 2.4 percent to $316 million.
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