Law Firm Profitability

International Edition

In a Year of 'Precipitous' Change, Cooley's Profits Fell Nearly 17% as Revenue Surpassed $2 Billion

By Jessie Yount | March 23, 2023

In London, revenue ticked up 1% to £77.7 million, after nearly 50% growth in the office in 2021. In Asia, the firm continues to have a strong fund formation practice in China and Hong Kong, as well as an increasingly active practice in Singapore, CEO Joe Conroy said.

6 minute read

International Edition

Strength in Disputes, Middle-Market M&A Helped Bryan Cave Leighton Paisner Offset Russia Losses

By Dan Roe | March 22, 2023

The global law firm, which brought on a four-partner group from DLA Piper in Frankfurt, said it would continue to look for growth in areas of high demand internationally, including in Dubai and Paris.

4 minute read
International Edition

Mayer Brown's Profits Dipped but Firm Held Onto Revenue Gains

By Andrew Maloney | March 22, 2023

The firm said it wants to continue to build in Asia, where it has a presence in Tokyo, China, Hong Kong and Singapore, pointing out that forecasts show growth in the region this year, while in the U.S. and Europe, forecasts predict flat or minimal gains.

5 minute read

International Edition

Debevoise's Revenue Stays Flat As Profits Take A Hit

By Patrick Smith | March 20, 2023

With an 11.8% decline in PEP, Debevoise's growing headcount and its move to a new Manhattan headquarters contributed to some of its increased expenses last year.

3 minute read
International Edition

With Diversified Practices and Rising Headcount, Mintz up 5% in Revenue

By Patrick Smith | March 20, 2023

Even with a slight uptick in the equity ranks, the firm's profits per equity partner was up 2.9%, hitting $2.16 million.

5 minute read
International Edition

'Scale Can't Be Overstated': DLA Piper Posts 6% Revenue Gain in 2022

By Dan Roe | March 14, 2023

The global law firm remained well-hedged against rising interest rates, COVID lockdowns and the war in Ukraine.

5 minute read
International Edition

Hit by a Slew of Exits, Where Does Travers Smith Go Now?

By Charlotte Johnstone | March 14, 2023

The firm needs to seriously consider a merger and change its lockstep system, several argue.

7 minute read
International Edition

Dechert Follows 50% Profit Increase With 14% Drop, Epitomizing Big Law Business Cycle

By Amanda O'Brien | Justin Henry | March 13, 2023

"The better your 2021 was, the harder your 2022 was going to be," said CEO Henry Nassau.

7 minute read
International Edition

'Quality First, Scale Second': Orrick's Recipe to Revenue, Profits and Partnership Growth in 2022

By Jessie Yount | March 9, 2023

The firm, which increased revenue 4.8% to $1.38 billion in 2022, said the quality of its international practices is a huge asset to the firm.

6 minute read
International Edition

Can Law Firms Hold the Line on Layoffs and Billing Rates in 2023?

By Andrew Maloney | March 8, 2023

"The top 200 firms should hold back on raising rates to fill their shortfall for 2023, as clients are watching and weighing alternatives," recommends a new report.

6 minute read
The American Lawyer

Stable Clients Propelled Jackson Lewis' Demand and Revenue Growth in 2022

By Jessie Yount | March 24, 2023

"Labor and employment sounds small, but the depth of what our clients need in this space provides lots of opportunities," chair Kevin Lauri said, noting the firm grows by about 6,000 clients every year.

4 minute read
The American Lawyer

For Services Partially Rendered? Firms Get Creative on Fee Arrangements

By Andrew Maloney | March 24, 2023

An unpredictable economy and tough deal market is requiring some alternative structures to make both client and firm whole.

8 minute read
National Law Journal

Crowell & Moring Posts Double-Digit Revenue Spike

By Sarah Tincher-Numbers | March 24, 2023

The Washington, D.C.-based firm saw gains in its regulatory and litigation practices, as well as its contingency fee business, particularly in health care and antitrust recovery.

4 minute read
Law.com

The Law Firm Disrupted: An Overcapacity Postmortem of Cooley

By Dan Packel | March 23, 2023

CEO Joe Conroy saw dark clouds on the horizon for the firm's dealmaking practices, but he didn't realize they would blow in so fast.

4 minute read
The American Lawyer

Deals or Bust: Corporate Lawyers Map Out Path Ahead for 2023

By Patrick Smith | March 23, 2023

It seems no one is willing to put up with a slump in deals for too long.

11 minute read
The American Lawyer

In a Year of 'Precipitous' Change, Cooley's Profits Fell Nearly 17% as Revenue Surpassed $2B

By Jessie Yount | March 23, 2023

While Cooley grappled with overcapacity in the wake of last year's deal plummet, CEO Joe Conroy said the firm is well-positioned for the future with the best-ever talent roster and continually growing market share.

5 minute read
Daily Report Online

Strength in Disputes, Middle-Market M&A Helped Bryan Cave Offset Russia Losses

By Dan Roe | March 23, 2023

The global law firm finished 2022 down 3.8% on gross revenue and 12.8% on profits per equity partner after separating from 17 partners and more than 200 personnel in Russia.

4 minute read
The American Lawyer

Strength in Disputes, Middle-Market M&A Helped Bryan Cave Leighton Paisner Offset Russia Losses

By Dan Roe | March 22, 2023

The global law firm finished 2022 down 3.8% on gross revenue and 12.8% on profits per equity partner after separating from 17 partners and more than 200 personnel in Russia.

4 minute read
The American Lawyer

Mayer Brown's Profits Dipped but Firm Held Onto Revenue Gains

By Andrew Maloney | March 22, 2023

The firm has added about 100 lateral partners over the last two years.

5 minute read
Texas Lawyer

Revenue Up at V&E, Following Record Year, With Strong Demand in Infrastructure, Litigation

By Brenda Sapino Jeffreys | March 22, 2023

While revenue improved by 2.5% at Vinson & Elkins in 2022, profits dropped by 3.3% as work in some practices was impacted by economic factors.

6 minute read

Previous Previous
1
2
3
4
5
6
7
8
9
10
…
96
Previous

Featured Employers

Spotlight Job

Legal Specialist - Open Society Justice Initiative

Legal Specialist - Open Society Justice Initiative Competitive salary + excellent benefits 12-month fixed term contract London or Berlin Do you want to help make the world a better place by su...

Open Society Foundations

London, Greater London, United Kingdom

More From ALM

Premium Subscription

With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. This is perfect for attorneys licensed in multiple jurisdictions or for attorneys that have fulfilled their CLE requirement but need to access resourceful information for their practice areas.
View Now

Team Accounts

Our Team Account subscription service is for legal teams of four or more attorneys. Each attorney is granted unlimited access to high quality, on-demand premium content from well-respected faculty in the legal industry along with administrative access to easily manage CLE for the entire team.
View Now

Bundle Subscriptions

Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. Both options are priced the same.
View Now

From Data to Decisions

Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends.

Exclusive Depth and Reach.

Law.com Compass includes access to our exclusive industry reports, combining the unmatched expertise of our analyst team with ALM’s deep bench of proprietary information to provide insights that can’t be found anywhere else.

Big Pictures and Fine Details

Law.com Compass delivers you the full scope of information, from the rankings of the Am Law 200 and NLJ 500 to intricate details and comparisons of firms’ financials, staffing, clients, news and events.