Proskauer Rose rode a wave of trials, transactions and other big matters to 6.1% revenue growth in 2022, as the firm hit $1.24 billion in revenue, a new high for the New York-founded firm.

Proskauer found a way to build off its record year in 2021, increasing revenue per lawyer by 2% to $1.67 million, profits per equity partner by 6.4% to $3.74 million and average total compensation for partners by 4.6% to $2.84 million in 2022.

“It was really trials and transactions and the consistent theme of elevating our brand,” firm chair Steve Ellis said in an interview. “[We are] the place where clients come for the most complex, first-of-kind and novel matters, and there was just a lot of that in funds and finance this year. There were a lot of first-in-kind, large transactions and trials.”

Reprinted with permission from the February 15, 2023 edition of the THE AMERICAN LAWYER © 2023 ALM Global Properties, LLC. All rights reserved.