For the 20th year running, Paul, Weiss, Rifkind, Wharton & Garrison posted higher profits last year as its lawyers juggled an abundance of billion-dollar lawsuits and multibillion-dollar transactions, the firm reported.
Paul Weiss raked in $1.109 billion in revenues last year, up by 7.1 percent from $1.036 billion in 2014. Growth in profits per equity partner kept pace, as the firm’s all-equity partnership saw average take-home profits surge past the $4 million mark for the first time. PPP stood at $4.09 million, up 6.4 percent from $3.845 million in 2014.
