National Law Journal | Analysis
By Abigail Adcox | March 27, 2024
CEO Nancy Greene said the firm is looking at expansion possibilities, including in Wilmington and New York.
By Abigail Adcox | March 26, 2024
Hanson Bridgett, Stoel Rives and Procopio all had gross revenue or profit increases last year, while declines in their equity partnerships helped to boost PEP.
The American Lawyer | Analysis
By Justin Henry | March 26, 2024
While Latham has been gradually expanding its bonus pool, other firms have reallocated the value of share points to reach similar ends.
New Jersey Law Journal | Analysis|News
By Amanda O'Brien | March 22, 2024
Core revenue increased from the previous year if contingency fees are removed from the equation, according to chairman and managing partner Gary Wingens. The firm is also poised to bring on a new chief operating officer, Goodwin Procter veteran Michael Caplan.
By Abigail Adcox | March 21, 2024
Kirkland, Crowell, Quinn and Susman Godfrey, among others, have all had financial gains from contingency fee cases. "We've seen a noticeable increase in interest in building out plaintiff side practices," said Evan Meyerson, at Burford Capital.
By Abigail Adcox | March 19, 2024
While the firm landed in the spotlight for its clients' congressional testimony, Wilmer's revenue and profit grew 10% or more in 2023, amid gains in litigation and investigations practices.
By Dan Roe | March 18, 2024
Gross revenue was up 12.3% while profits per equity partner rose 13.4% during the firm's 28th consecutive year of revenue growth.
By Dan Roe | March 15, 2024
Diversified practice areas and geographies continue to prove fruitful for the global law firm.
By Patrick Smith | March 14, 2024
Amid a string of laterals and promotions, the firm's partnership expanded, with about a 3.5% increase in the equity tier and a 29% rise in the nonequity tier, up to 121 partners.
By Abigail Adcox | March 14, 2024
As the number of equity partners at the firm shrunk nearly 10% to 74, the firm's average PEP was up around 5% to $2.2 million.
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In Memoriam: Richard "Dick" K. DeScherer (1944-2024) We mourn the loss of our friend and former partner and Co-Chairman, Richard "Dick" K. DeScherer. Dick was a member of Willkie Farr & Gallagher LLP for more than 24 years. He was the consummate business lawyer, wonderful colleague and true friend. He joined the Bloomberg organization in 2012, a client for whom he had served as their principal legal advisor since their inception, and later was appointed as a member of their board. Dick's knowledge and experience were unparalleled, as evidenced by appointment to leadership and board positions at numerous well-respected organizations. He was deeply involved in civic and community engagements through his work with the S.L.E. (Lupus) Foundation, Lupus Research Institute, United Hospital Fund of New York, Lincoln Center for the Performing Arts, National Dance institute, and Baryshnikov Dance Foundation, among others. He received an LL.M. in Taxation from New York University in 1970, a J.D. from Georgetown University Law Center in 1969, and a B.A. from the University of Virginia in 1966. He was a member of the American Bar Association, the New York State Bar Association and the Association of the Bar of the City of New York. We offer our sincerest condolences to his family, including his wife Jennie, son Christopher and wife Amanda, daughter Kate, and grandchildren Emmett, Serena, George, Emily and Madeline. We will remember Dick with the utmost respect, admiration and affection. His loss will be felt by his many friends and colleagues at Willkie, and by all those whose lives he touched.
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