For a fifth consecutive year, Davis Polk & Wardwell’s profitability and revenue rose by significant margins, with the firm’s revenue surpassing the $1 billion mark for the first time.
According to reporting by The American Lawyer, average profits per partner at the firm crossed the $3 million threshold last year, to $3.29 million, a record high for the firm and 12.1 percent higher than the $2.94 million average in 2013. Revenue rose from $975 million in 2013 to $1.072 billion last year.
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