Fox Rothschild Expands and Profits
Posted Jun 08, 2007 01:41 pm CDT
Many law firms in American Lawyer’s top 200 list are eliminating practice areas in an effort to stay lean and improve lawyer revenue.
But not Fox Rothschild.
The Philadelphia law firm is opening new offices and adding new practice areas. Yet over the last five years it still has managed to improve its revenue per lawyer by 20 percent, to $483,000, American Lawyer reports.
In the last four years, Fox Rothschild added seven new practice areas, bringing its total to 40. And it opened seven new offices.
The goal of the 395-lawyer firm is to be a one-stop shop for the middle market. “We try to be flexible, to adapt,” co-chair Abraham Reich told the legal magazine. “We also want people to enjoy being here.”