Having completed his first year as sole chairman of Fried, Frank, Harris, Shriver & Jacobson on March 1, as well as closing the book on the firm’s fiscal 2014, David Greenwald is eager to crow about his firm’s “realignment.”
The financial rebound Fried Frank enjoyed in 2013 after watching profits fall sharply the year before for the most part continued in 2014. The firm, which in January announced plans to shutter its Asian offices in Hong Kong and Shanghai, saw gross revenue remain flat at $460 million. But profits per partner and revenue per lawyer both hit the highest marks in the firm’s history, with the former jumping 11 percent, to $1.8 million, and the latter increasing almost 9 percent, to $1.11 million.
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