Sweden’s Mannheimer Swartling Advokatbyrå posted another record year in fiscal 2023, even as global markets faced turbulence that hindered transaction activity in many legal practices. The firm’s global gross revenues increased by approximately 3%, reaching around $172 million (1.81 billion Swedish Krona), up from the previous year’s $166.9 million. This revenue growth continues the upward trend observed in 2021 and 2020.
A significant driver of this growth was the M&A-focused New York office, which saw a remarkable 25% increase in revenues during 2023. For more detailed insights, see the original article here.