By Patrick Smith | March 14, 2024
Amid a string of laterals and promotions, the firm's partnership expanded, with about a 3.5% increase in the equity tier and a 29% rise in the nonequity tier, up to 121 partners.
By Abigail Adcox | March 14, 2024
As the number of equity partners at the firm shrunk nearly 10% to 74, the firm's average PEP was up around 5% to $2.2 million.
The American Lawyer | Analysis
By Dan Roe | March 14, 2024
Gross revenue slid by 3.6% last year, but the firm started March 2024 with 20% more inventory than the previous March.
By Patrick Smith | March 13, 2024
"We did more than our share of capital markets work in the crappiest market we have seen in a long time," said Cooley chair Joe Conroy.
The American Lawyer | Analysis
By Dan Roe | March 13, 2024
A strong year for litigation and disputes combined with a decent year for M&A and sluggish areas of the real estate practice, global CEO Steve Baumer said.
By Andrew Maloney | March 13, 2024
As the firm invested in laterals, the nonequity tier shot up by 11.4%. Meanwhile, average PEP fell by 3.9% to $833,000.
By Patrick Smith | March 12, 2024
The growth, including crossing the $2 billion mark in revenue, comes as Paul Weiss has decided to move to a two-tier partnership and a black-box compensation system for partners, said firm chair Brad Karp.
By Thomas Spigolon | March 12, 2024
The Tennessee-founded firm raised profits while paying down debt from recent expansion.
By Patrick Smith | March 12, 2024
The firm had several outperforming practices in a year in which it saw its first leadership change in almost two decades.
By Abigail Adcox | March 11, 2024
"Ten percent of our revenue came from brand-new clients, [which] we attribute in large part to the merger," firm managing partner Brian Waldman said.
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