“We believe if we can see around corners and we can see what will happen next to [our clients], we will get the lion's share of their work,” says managing partner Grant Palmer.
March 16, 2023 at 03:50 PM
5 minute read
Reporter
Blank Rome managed to net double-digit profitability increases for the second year in a row in 2022, with equity partner profits climbing 10.2% to $1.3 million and net income 11.6% to $208.9 million.
The Philadelphia-founded Am Law 100 firm’s profitability gains outpaced its revenue increase of 6% to $580.5 million. Leaders attribute profit growth to disciplined expense management that included prepaying approximately 67% more costs over prior years heading into 2022.
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Grant Palmer, chair and managing partner of Blank Rome. Courtesy photo
