Investing Westward

Spencer Fane leaders reflect on post-recession growth

The 2010s have been a good decade to Spencer Fane so far, and the firm has some theories as to why.

With 16 offices across seven states, and locations in Denver and Colorado Springs, Spencer Fane has experienced atypical growth for a national law firm post-recession. The firm saw its net income climb each year since 2012, with 17.2 percent growth in 2016. Last year, it grossed more than $73 million, which was a 15.5 percent increase over 2015.

The firm also more than doubled its attorney headcount in Colorado over the past year. The Denver office now has almost as many lawyers as Spencer Fane’s Kansas City headquarters.

Spencer Fane’s Kansas City-based chairman and managing partner, Pat Whalen, said the firm has been able to thrive in recent years by embracing non-traditional law firm models. That success drove it to further invest in the Colorado market and expand to new locations. As it did with many law firms, the recession prompted Spencer Fane to reassess its staffing, pricing and delivery models to meet clients’ demands for more value.

To read this story and other complete articles featured in the October 16, 2017 print edition of Law Week Colorado, copies are available for purchase online.