Weil Gotshal & Manges has broken the $2m(£1.03m) barrier for partner profits in 2007, as
Profits per equity partner (PEP) at Weil Gotshal improved by 11% to reach $2.11m (£1.07m), up from last year’s figure of $1.9m (£965,000).
Total revenue at the
The news comes after Weil Gotshal last week reported a near doubling in PEP at its City arm, from £700,000 in 2006 to £1.35m last year.
Milbank, meanwhile, more than doubled its growth rate of 2006 to record an 18.8% surge in global fee income, from $540.8m (£274.6m) to $642.5m (£326.2m).
PEP rose by a similar amount, up 16.4% to $2.53m (£1.28m), compared to $2.17m (£1.10m) in 2006.
The duo join a growing list of major
Firms to have posted disappointing financials include intellectual property specialist Howrey, which saw PEP drop by 17.5%, and Cadwalader Wickersham & Taft, where profits dipped by 6% against a modest turnover rise of 5%.
More news, deals and comment on Weil Gotshal & Manges
Weil Gotshal on the Legal Week Wiki
For thousands of the best legal jobs, click here.