Lowenstein Sandler Bounces Back with Strong Financial Growth in 2024, Plans for Strategic Expansion

Lowenstein Sandler has demonstrated resilience with significant financial recovery following a challenging year in 2023. The firm achieved double-digit increases in both revenue and profit in 2024. Specifically, it recorded $441.9 million in revenue, marking a 13% increase from the previous year, alongside a 14% rise in profits per equity partner. Despite this recovery, the firm did not match its 2022 financial success, which had been buoyed by contingency fee cases (source here). Strategically looking forward, the firm, under the leadership of chairman and managing partner Gary Wingens, is focusing on growth. Its goal is to increase its attorney head count to between 550 and 700 over the next five years. More details on Lowenstein Sandler’s strategic plans and financial performance can be found in the article on The American Lawyer.