US firm Edwards Wildman Palmer posts strong post-merger revenue growth
US firm Edwards Wildman Palmer has posted an 18 per cent increase in revenue, from $297.9 million to $352.7 million in its first post-merger financial results. The integration process seems not to have had an adverse effect on productivity, with revenue per lawyer rising by 2.5 per cent across the firm, from $587,679 to $602,856.
Average profit per equity partner remained flat during the period, which deputy managing partner Laurence Harris explained was a result of merger integration costs.
Edwards Wildman Palmer was formed on 1 October last year by the merger of Edwards Angell Palmer & Dodge and 150-lawyer Chicago firm Wildman Harrold Allen & Dixon. Earlier last year Edwards Angell also merged with Washington DC telecoms boutique Fleischman and Harding.
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