Revenue ticked up at Akin Gump Strauss Hauer & Feld in 2022, continuing a 13-year streak, but profits per equity partner dropped by 16.7%, as expenses grew with aggressive lateral hiring in strategic areas.

“We look at 2022 as a year of investment,” said Kim Koopersmith, a partner in New York and chairperson of the firm. ”We are a firm that is always playing the long game, making sure we are investing in our strengths and always building around what our clients need.”