Cravath, Swaine & Moore joins the exclusive ranks of New York firms that achieved a significant jump in both revenue and profits per equity partner (PPP) last year. The firm’s revenue rose 7 percent to $569 million; PPP increased 8 percent to $2.7 million, according to our reporting.

We recently reported similar results for Davis Polk & Wardwell, contrasting the firm to most of its Manhattan-based competitors whose revenue in 2009 was flat or declined. Davis Polk’s PPP rose 10 percent last year. Still, at $2.7 million, Cravath’s 2009 profits are higher overall (profits per equity partner at Davis Polk in 2009 were $2.1 million).