Weil Gotshal & Manges and Milbank Tweed Hadley & McCloy have both announced double-digit growth in turnover and profitability with Milbank managing to boost revenues by almost 20%. Milbank more than doubled its 2006 growth rate to record an 18.8% rise in global fee income, taking turnover from $540.8m (£274.6m) in 2006 to $642.5m (£326.2m) in 2007.Profits per equity partner (PEP) rose by 16.4% to $2.53m (£1.28m) compared to $2.17m (£1m) in 2006.
February 20, 2008 at 11:08 PM
1 minute read
The original version of this story was published on Legalweek
Weil Gotshal & Manges and Milbank Tweed Hadley & McCloy have both announced double-digit growth in turnover and profitability with Milbank managing to boost revenues by almost 20%.
Milbank more than doubled its 2006 growth rate to record an 18.8% rise in global fee income, taking turnover from $540.8m (£274.6m) in 2006 to $642.5m (£326.2m) in 2007.
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