ELITE - Paul Weiss had a very good decade. Meghan Tribe reports that profits per equity partner jumped to more than $5.02 million, capping 10 years of financial growth for the New York firm. The 10 percent increase means the firm will remain among the very highest-ranking firms by profits per equity partner for 2018, based on preliminary Am Law 100 reporting. In 2017 only Wachtell posted equity partner profits higher than $5 million.
NEXT UP - Harvard University has named a new general counsel. Kristen Rasmussen reports that Diane Lopez, a deputy who has been in-house at the school for about 25 years, will take over the job on June 1 from Robert Iuliano, who is leaving to become president of Gettysburg College. Prior to joining Harvard, Lopez, a Columbia Law School graduate, was a commercial litigator for eight years in the New York office of O’Melveny & Myers.
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