Proskauer Rose grew its revenue by 2.8%, past the $1 billion mark for the first time and upped its profits per equity partner by 3.4% to $2.75 million in 2019, helped along by increased leverage, a strong London office and a busy year in Puerto Rico's restructuring case.

Firm chairman Steven Ellis said Proskauer had "a good year across the board" in 2019 and that productivity was high. He said the firm focused on key industries, including sports, health care, asset management, hospitality, gaming and leisure, and more lawyers than ever—about 35% of the firm—worked on Puerto Rico's bankruptcy-esque proceeding, where it represents the island's Financial Oversight and Management Board.

The firm's London office delivered higher-than-average growth, increasing its revenue by 18.5% in 2019, from $68.7 million in 2018 to $81.4 million. Ellis said the firm "significantly expanded" its private investment funds practice there, and its private equity and mergers and acquisitions lawyers stayed busy as the growth in private credit business also led to more work. He said he anticipates the office will grow further in disputes in 2020.