“Our rates are not as high as some comparable firms, and that’s played to our strengths when clients are looking to work with outside counsel”
In a May 4, 2014 article, the Washington Post quoted Venable Co-Managing Partner Lindsay Meyer on Venable’s record year and plans for the future. Last year was the strongest in firm history with a 9% growth in revenue to $409.5 million and an 8% jump in profit to $144.5 million. The growth made Venable one of the bright spots among law firms last year according to the Washington Post.
“From product liability to intellectual property to commercial litigation, each of those is really hitting their stride,” said Meyer. “Another area is the regulatory and legislative sphere. The regulators come whether the economy is good or bad. If you look at the broad spectrum we have in representing clients among all regulators — trade, privacy, [Food and Drug Administration] — all those areas were busy as well.”
Meyer said the firm will continue to grow cautiously and the article noted the opening of the firm’s San Francisco office last October. “Our rates are not as high as some comparable firms, and that’s played to our strengths when clients are looking to work with outside counsel,” Meyer added. “We’re in an era now where you see more [requests for proposals] than you did several years ago. As a business, we are conservative and careful in that space.”