When Proskauer’s Tim Mungovan spoke with Law.com on the firm’s overall financial performance in 2023, he noted creativity on the finance side, such as leaning into special situations, as well as some big litigation wins and industry experience across sports, media and entertainment as reasons for Proskauer’s success.

“We had a great year,” Mungovan said in the interview. “And even better when you take the macro-economic environment into consideration. Interest rates were raised to cool inflation, and our clients are some of the most sophisticated investors in the world, so they slowed down their activity.”

Looking ahead, Proskauer’s position in the private capital arena sets the firm up well for 2024.