By Jessie Yount | March 8, 2023
Wilson Sonsini's profits per equity partner fell 9.5% as the firm bulked up its lawyer head count to 1,045 lawyers including 266 partners. Revenue grew 1.3% to $1.35 billion in 2022.
By Dan Roe | March 6, 2023
The global law firm increased gross revenue by 12.4% and head count by 10.7% without reducing RPL or PEP.
By Patrick Smith | February 27, 2023
In an internal memo, the firm cited "macroeconomic conditions" as well as "increased expenses" that surpass the rate of revenue growth this year.
By Justin Henry | Patrick Smith | February 23, 2023
Chris Davis, formerly acting CFO at Goodwin Procter, started at Paul Hastings this month. The firm had previously planned to hire Jonathan O'Brien before he was sued by Proskauer over allegations of stealing trade secrets.
By Patrick Smith | February 17, 2023
Speaking shortly after the firm's layoffs, chair Robert Insolia said Goodwin's size is now appropriate for the amount of work it has, and the firm remains committed to long-term growth over short-term results.
By Dan Roe | February 16, 2023
The California-founded law firm posted 10% gains in gross revenue and profits per equity partner as M&A and private equity complemented strong litigation demand.
The American Lawyer | Analysis
By Dan Roe | February 9, 2023
Prior to January's layoffs, the law firm has hired more than 600 lateral associates and lost nearly 400 since 2020, an American Lawyer analysis found.
By Jessie Yount | February 3, 2023
California firms projected demand growth of 3.5% and revenue growth of 5% for fiscal 2023, but the forecast for top-line growth was somewhat "muted" given the "very healthy" demand expectations, said Wells Fargo Legal Specialty Group managing director Owen Burman.
The American Lawyer | Analysis
By Justin Henry | January 25, 2023
CEO Miguel Zaldivar expects the firm's 2022 revenues and profits will land below the previous year's record-setting levels. But his interest in growing the firm's heft in New York, Texas and California remains unchecked.
The American Lawyer | Analysis
By Andrew Maloney | Patrick Smith | January 17, 2023
"Getting people to come back in the office is continuing to be a challenge," said one Am Law 100 leader. "Do we lay down the law? Or is the cost of doing that not worth the price we will pay?"
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