Husch Blackwell reported a record-breaking $417 million in revenue in 2020, according to a firm spokesperson.
The firm said the $417,056,000 in profits is the highest single-year revenue total in its 104-year history. Husch Blackwell also posted year-over-year growth in revenue of 9.7%, which is its fastest pace of organic revenue growth in more than a decade, according to a press release.
Greg Smith, chairman of Husch Blackwell, credited excellent financial modeling and frequent communication among top officials about the COVID-19 pandemic’s effects on the firm.
The majority of Husch Blackwell’s 1,500 employees began working from home in March 2020, and most are still doing so today. Paul Eberle, Husch Blackwell chief executive, said the financial results were only possible because of investments in people and technology.
The Financial Services & Capital Markets group and the Labor & Employment team brought in record revenues during 2020, according to the press release. Catherine Hanaway, Husch Blackwell chair-elect, said enduring relationships with clients allowed the firm to help them through the worst of 2020. She said making sure the right teams were on the right matters made a “huge difference” with clients dealing with novel questions.
Hanaway is preparing to take over the role of firm chair. Smith will exit the chairmanship at the end of the first quarter 2021. Smith has served as the chairman of the firm since 2018, and before that, served consecutive three-year terms as the firm’s Chief Executive. He has been with the firm since 1981.Follow @WLJReporter