Fennemore: numbers show revenue growth of 45% year-over-year
Staff Reports | Digital Free Press
Fennemore is reporting the Phoenix-based law firm posted the single largest year-over-year revenue growth among all firms in The American Lawyer 2023 Am Law 200, which is the listing of the 200 largest law firms in the country ranked by gross revenue.
Fennemore’s revenue grew by a staggering 45% in 2022 versus 2021—outpacing the 2.7 – 4.1% average among the Am Law 100 and 200, respectively, according to a press release.
“This milestone is a testament to the hard work and commitment of our extraordinary team members here at Fennemore,” said James Goodnow, Fennemore’s CEO and managing partner, in a prepared statement. “It also represents the result of our relentless focus on finding better ways to serve clients and deliver legal services.”
Fennemore is launching Fennemore Labs, a pioneering idea incubator focused on researching and implementing cutting-edge technologies, including generative AI, to transform the legal practice.
“As the legal landscape continues to undergo rapid change, Fennemore is positioned to lead through the ideas born from Fennemore Labs,” Mr. Goodnow pointed out.
Led by firm director David McCarville and a team of partners, associates, technologists, and business leaders, Fennemore Labs aims to identify and implement solutions for clients through a “sense, seek, seize” process resulting in efficient, innovative ideas.
“Fennemore Labs represents the future of legal industry innovation,” Mr. Goodnow explained. “We’re excited to embark on this journey, breaking traditional boundaries and paving the way for a new era of legal service delivery. It’s about more than just keeping up with the industry; it’s about setting the pace and driving change.”
