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.”
The American LawyerProskauer Again Sees Record Revenue and Profits in Year of ‘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.