Proskauer Rose’s Profits Fall 10% in 2008
Am Law 100 firm Proskauer Rose's profits per equity partner dropped 10% in 2008 to $1.4 million. Revenues increased marginally,…
equity partners
Patton Boggs Adopts New Compensation System
Washington, DC-based Patton Boggs is adopting a new compensation plan for partners, retooling a long-held "eat-what-you-kill" system to reward partner…
Profits Down at Moore & Van Allen
Gross revenue at Charlotte, North Carolina Am Law 100 firm Moore & Van Allen edged up 1.5% to $164.5 million.…
Profits Up at Weil Gotshal
Gross revenue at Weil, Gotshal & Manges rose slightly in 2008. The New York-based firm brought in $1.23 billion, up…
Quinn Emanuel Had Great 2008; Revenue Up 15%
Revenue at 400-lawyer Quinn Emanuel Urquardt Oliver & Hedges was $441.9 million in 2008, up 15% from 2007. Profits jumped…
Paul Weiss Enjoys Solid 2008
Am Law 100 firm Paul, Weiss, Rifkind, Wharton & Garrison had a solid 2008, with both revenue and profits on…
Reed Smith’s Revenue up 10% in 2008
Pittsburgh's Reed Smith reports a 10% increase in gross revenue to $980 million in 2008, on the back of significant…
Update: Cadwalader Losses Worse than Reported
When we wrote about seven Cadwalader, Wickersham & Taft partners walking out, we reported that America's most elderly law firm…
Cadwalader Profits Plummet 30% in 2008
The American Lawyer reports that America's oldest law firm, Manhattan's Cadwalader, Wickersham & Taft, saw its average profits per equity…
No Bonuses? Pay Freezes? How About Having to Pay to Work?
Above the Law quotes an unnamed source at Clifford Chance , that partners will have to actually pay the firm…
Non-equity Partners In “Precarious Position”
At least two more law firms are considering following the lead of DLA Piper, requiring nonequity partners to buy into…