In a February 6, 2017, article, National Law Journal
interviewed Venable Co-Managing Partner Larry Gesner
on Venable's strong revenue for 2016. Last year was another strong one for the firm which saw revenue increase nearly 5% to $498.5 million and profits per partner increase almost 4%, marking the second consecutive year the firm topped $1 million in profits per partner. "We feel that's still a pretty strong year, certainly compared to others in the industry," said Gesner, who pointed to products liability, privacy and data security, tax and wealth planning, advertising, and representing the special servicing industry as key practices in the firm’s profitability.
Gesner also discussed the recent change in firm leadership with Stu Ingis
succeeding Jim Shea
as firm Chairman. "The firm experienced tremendous, fantastic growth under Jim," he said. "I think Jim wanted us to make the change when the firm was in a very strong position, financially and otherwise."
For 2017, Gesner said the firm is monitoring changes to the tax code and Consumer Financial Protection Bureau in the Trump administration. He also talked about the upcoming move of firm’s Washington, DC office to a new building later this month.