“What Firms Can Learn From the Great Recession as They Confront the Next Crisis”
May 18, 2020
By: Samantha Stokes
“Los Angeles-based Buchalter has grown its head count every year since 2012, and debuted on the Am Law 200 at No. 174 after earning $157 million in gross revenue in 2017. It was up to $184.5 million in 2019, and ranked 159th. Adam Bass, the firm’s president, chief operating officer and chief executive officer, attributes the firm’s success in recent years to expanding its reach nationally and becoming a full-service firm with diverse practice areas that can weather any part of the economic cycle, two growth strategies the firm began in the years following the 2008 crisis.
‘We’re maintaining our regional footprint while growing our national reach and sticking with the model of wanting to be a full-service firm that offers quality legal services to our clients while maintaining competitive pricing,’ he says.
Bass adds that in the current crisis, Buchalter is still expanding by diversifying its practice-group and industry offerings.
‘In this unusual time, we’ve tried to have a diverse business model that leads to noncorrelated practice groups,’ he says. ‘We have significant IP, insolvency, financial restructuring, real estate and health care practices. None of these groups are tied to one another, and if one group was down, the other groups could carry the day.’”
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Buchalter was also included in the 2020 AmLaw 200 rankings