With an array of major litigation, regulatory and transactional matters having its lawyers going full-throttle, Paul, Weiss, Rifkind, Wharton & Garrison broke the billion-dollar mark in gross revenue last year and set new records for partner profitability and attorney head count.
The New York-based firm reports that gross revenue surged to $1.036 billion, a 10.9 percent increase over 2013, when the firm grossed $934.5 million. Paul Weiss partners, all of whom have equity status, saw their earnings increase at almost the same rate. The firm’s average profits per partner were $3.845 million in 2014, a 6.2 percent increase from $3.62 million a year earlier.
