Many Am Law 100 firms are reeling from the recession, but not Paul, Weiss, Rifkind, Wharton & Garrison. The firm has just reported its 2009 financials and the numbers look very respectable.
Though the firm’s gross revenue slipped by 3.8 percent, from $692 million in 2008 to $665.5 million in 2009, profits per equity partner (PPP) hit $2.69 million, up from $2.65 million in 2008. Notably, the firm achieved its results without resorting to layoffs. In fact, lawyer head count at the firm increased slightly from 647 to 653.
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