After a bump in 2014 on the heels of mortgage-backed securities settlements for the Federal Housing Finance Agency, New York-based Kasowitz, Benson, Torres & Friedman fell back to earth in 2015, seeing declines in gross revenue and partner profits.
Nonetheless, Kasowitz Benson reported financial results higher than those in 2013, before fees from a pair of massive FHFA settlements began to fill the 282-lawyer firm’s coffers. For 2015, Kasowitz Benson reported gross revenue of $234.5 million, a 10.8 percent drop from the $263 million the litigation-focused firm posted in 2014. Profits per equity partner in 2015 dropped another 6.1 percent, to $1.85 million, from $1.97 million in 2014.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]