Spencer Fane has reported a significant increase in its gross revenue, climbing over 20% to approximately $322 million, largely due to a series of mergers and strategic office openings. The firm’s expansion efforts resulted in a 24% increase in total head count, now standing at 520 lawyers. Additionally, the total partnership grew by 16%. Despite these growth figures, the firm saw a decline in key financial metrics such as profits per equity partner (PEP), which fell by 1.9% to $764,000, and revenue per lawyer (RPL), which decreased by 2.7% to $619,000. More details on this development can be found in the original article on The American Lawyer.