Davis Polk & Wardwell saw healthy growth in revenue and partner profits in 2016, despite capital markets headwinds and uncertainty in European and Asian markets. Revenue rose about 10.3 percent, reaching $1.18 billion, while profits per partner at the 907-lawyer firm grew about 12.5 percent to $3.75 million, according to preliminary reporting by The American Lawyer. These gains come after a relatively flat year in 2015.
“It was our best year ever,” said managing partner Thomas Reid. He said the firm saw “above normal strength in restructuring, leveraged finance and M&A.”
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]