March 17, 2013

Washington Post quotes Bob Waldman on Venable’s successful year and future growth opportunities

1 min

Venable Co-Managing Partner Bob Waldman was quoted in a March 10, 2013 Washington Post article on the firm’s successful 2012 and future growth opportunities. Last year, Venable saw in an increase of over 3% in profits per partner, the industry standard for measuring law firm profitability.

Speaking about future growth opportunities for the coming year, Waldman cited cybersecurity saying, “Cybersecurity is reminiscent, for our region, of Silicon Valley…The industry is starting to mature to the point it now generates the normal legal needs that a more mature industry has, like labor and employment and mergers and acquisitions.” Waldman also attributed part of Venable’s 2012 success to the uncertainty over the fiscal cliff. The firm’s tax practice was “crazy in the fourth quarter,” according to Waldman. “Everyone panicked over the fiscal cliff and were trying to do tax planning and transactions that were tax-driven,” he added. “All that got squeezed into the fourth quarter.”