Doubling down on private capital work while seeing some big litigation wins, Schulte Roth & Zabel turned in 7.1% revenue growth to hit $545.43 million, an all-time firm high.

While the firm’s net income for all equity partners rose 4%, profits per equity partner dipped 7.7% to $3.34 million, as Schulte made significant investments in its partnership and business operations to seed the ground for coming years. In all, Schulte’s partnership—it has maintained only an equity tier—expanded 13% to 78 partners last year.