Since the firm's establishment in 1926 by Clarence F. Favret, Sr., the firm has maintained a practice focusing on commercial litigation, real estate, personal injury and maritime. The firm has legal support consisting of paralegals. The firm primarily represents banks, corporations and individuals. The firm is listed in the Bar Register of Preeminent Lawyers.

The firm of Favret, Demarest, Russo & Lutkewitte has grown significantly by virtue of its outstanding legal reputation in the Greater New Orleans area.