About this time last year—after Paul, Weiss, Rifkind, Wharton & Garrison clocked in with 2011 financial results that reflected all-time highs in both gross revenues and profits per partner—chairman Brad Karp suggested the firm’s performance would be even stronger in 2012. Judging by The American Lawyer‘s early reporting, Karp was right on the mark.
Paul Weiss saw its gross revenue jump 12.4 percent last year, to $877 million, and its profits per partner climb 8.2 percent, to $3.35 million. Says Karp: “We were very fortunate to enjoy record revenues and profits in 2012.”
