Weil Gotshal reports it has broken the $2 million barrier for partner profits in 2007, while rival Milbank Tweed becomes the latest U.S. firm to post double-digit increases in both turnover and profitability. Profits per equity partner at Weil improved by 11 percent to reach $2.11 million, up from last year's figure of $1.9 million. Milbank, meanwhile, reports it more than doubled its 2006 growth rate to record an 18.8 percent surge in global fee income, from $540.8 million to $642.5 million.
Weil Reports More Than $2 Million PEP; Milbank Doubles Growth Rate
February 14, 2008