Cadwalader Wickersham & Taft's profits shot up last year, hitting $3 million in average profits per equity partner, a stronger performance than 2018.

Cadwalader's gross revenue grew 9.1%, hitting $459 million last year. With a higher profit margin at the firm, net income grew much faster, rising 18.7% to $138.4 million, helping to push up profits per equity partner by 11%.

Meanwhile, the firm's equity-partner count rose to 46, a net gain of three, while the average full time lawyer head count was only 2.4% higher than in 2018.