Profits per equity partner (PEP) at Paul, Weiss, Rifkind, Wharton & Garrison jumped 10 percent to more than $5.02 million in 2018, capping a decade of financial growth for the New York firm.
The 10 percent rise in equity partner profits ensures that the firm will remain among the very highest-ranking firms by PEP for 2018, based on preliminary Am Law 100 reporting. In 2017 only Wachtell, Lipton, Rosen & Katz posted PEP higher than $5 million, defining the most exclusive of clubs in the competition among top-tier firms. (There’s still some catching up to do: Wachtell’s 2017 figure was pegged at $5.7 million.)
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