Brad Karp, partner at Paul Weiss. Photo: Ryland West/ALM Paul Weiss, Seeing Record Year in Revenue and Profits, Plans Compensation, Partnership Changes
The growth, including crossing the $2 billion mark in revenue, comes as Paul Weiss has decided to move to a two-tier partnership and a black-box compensation system for partners, said firm chair Brad Karp.
March 12, 2024 at 04:55 PM
7 minute read
Law Firm Profitability
What You Need to Know
- Paul Weiss rode consistent performances across its five major practice areas to cross $2 billion in revenue for the first time.
- The firm is also transitioning its partnership and compensation structure in 2024.
Paul, Weiss, Rifkind, Wharton & Garrison, citing growth in all five of its core practice areas, saw its overall revenue climb 10.9% to $2 billion, a firm high. Paul Weiss also crossed the $6.5 million mark in profits per equity partner for the first time, also a firm record.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Related Stories
View AllLaw Firms Mentioned
Trending Stories
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
