Beveridge & Diamond Grows Revenue Over 8% Amid Trump Environmental Policy Changes | Law.com
Environmental law firm Beveridge & Diamond managed to increase its gross revenue by over 8% to $124 million, as it increased its attorney head count and faced headwinds tied to policy and enforcement shifts under the Trump administration.
Law.com Pro Mid Market members enjoy unparalleled insights, strategy, and analysis through exclusive editorial content, webcasts, leadership roundtables, and gain access to Market Hub Reports, Market Hub Pages, and the Mid Market 50, delivering targeted insights specifically for midsize law firms.
Interested in becoming a Law.com Pro Mid Market customer? Contact Customer Service at [email protected] or call 1-877-256-2472 (US) or +44 (0) 800 098 8609 (International). The firm's 6.2% YOY revenue increase is in line with indicators that firms below the Am Law 200 have followed the Second Hundred in demand growth.
It's "green arrows up" so far in 2025 for midsize firm Hinckley, Allen & Snyder, as the Northeast-based firm, which was No. 2 on the Mid-Market Pro 50 in 2024 and 2023 and is close to a spot on the Am Law 200. Since April, at least six midsize law firms have launched new offices either through lateral hiring or through merging with a local shop.
Of those launches, half marked expansions outside of firms’ regional bases while others retained roots in specific regions. Hodgson Russ is expecting double-digit growth in profits and income after last year's slump in both categories, coming from a boost in work within the firm's litigation and corporate practices.
"Our size constrains how comfortable we are raising our rates. I don't want to raise rates more than 4 or 5%, because our clients come to us because we offer something different than those big firms," said Obermayer Rebmann Maxwell & Hippel chairman David Nasatir.