After explosive growth due to strong transactional and capital markets work in 2021, the flip side of that equation was some significant drops in most key financial metrics.
March 29, 2023 at 11:59 AM
5 minute read
Capital markets and transactional work buoyed Cahill Gordon & Reindel past $500 million in revenue and over $5.5 million in profits per partner in 2021. When that work dried up in 2022, the end result was foreseeable.
Cahill saw a 19.5% drop in revenue in 2022, going from $515 million in 2021 down to $415 million in 2022, just below the $440 million it brought in in 2020.
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