Cadwalader, Wickersham & Taft enjoyed a modest uptick in revenue in 2011, the firm’s first burst of top-line growth since 2007, according to The American Lawyer’s reporting. The firm’s gross revenue increased 4.4 percent to $448.5 million and revenue per lawyer was up nearly 8 percent to $965,000, according to The American Lawyer’s reporting.
“The pick-up was pretty much across the board, but litigation was particularly strong” says Cadwalader chairman W. Christopher White. In fact, White says, litigation represented approximately 40 to 42 percent of the firm’s revenue, with specialities ranging from Foreign Corrupt Practices Act work to securities litigation to financial services and antitrust performing particularly well. For example, 2011 saw Cadwalader continue its long-running representation of monoline insurer MBIA in connection with claims brought against the FDIC over the IndyMac Bank collapse. And since bringing on former Linklaters competition partner Alec Burnside in April, the firm has been advising Deutsche BÖrse on its proposed $9.7 billion merger with NYSE Euronext.
