Feb. 5, 2026
Can a well-executed succession plan drive up firm revenues?
A Los Angeles law firm's years-long bet on succession planning paid off with double-digit revenue and profit growth -- and consultants say more firms should be taking notes.
Firmwide demand -- measured by billable hours -- at Nossaman LLP rose more than 13% year over year in 2025. Revenues climbed more than 11%, net income increased nearly 14%, and profits per equity partner jumped more than 20%.
Managing partner David Graeler identified at least one reason why. He said the Los Angeles-based firm has spent several years preparing for leadership transitions across multiple practice groups, including its largest, Infrastructure. Founders of that group h...
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