MIAMI -- Shutts & Bowen LLP made solid gains in the AmLaw 200 rankings, reporting a nearly 6% increase from 2013 in profits per equity partner for the fiscal year ended Dec. 31, 2014.
This increase was in keeping with Shutts & Bowen’s firmwide 3% increase in gross revenue in 2014 from the year before, continuing the steady revenue growth the firm has retained through both the Great Recession and recovery. The firm ranked at No. 175 in revenue, on par with its ranking of 174 in 2013 and 175 in 2012.
As in previous years, the firm outranked the average among its peers in every AmLaw index of profitability and revenue, such as profits per partner (No. 139) and value per lawyer (No. 101). The results are published in the June 2015 issue of The American Lawyer.
“In 2014, we consolidated our carefully-managed expansion from 2013, strengthening our offices in Sarasota,” said Bowman Brown, Chairman of the Executive Committee. “We are also extending our Latin American reach. That has long been a major component of our firm, and we are strengthening that practice. We believe our firm is well poised for the future.”
In 2013, Shutts & Bowen laid the groundwork for future growth by adding lawyers and opening its Sarasota office. Steady expansion around the state continued in 2014, and the firm counts more than 250 lawyers.
The firm’s revenue per lawyer rose nearly 1% from the previous year.