Paul Weiss and Milbank join ranks of US law firms reporting strong results for 2016

US duo post double-digit revenue rises after busy 12 months


Paul Weiss Rifkind Wharton & Garrison saw revenue rise 10.1% in 2016 to reach $1.22bn (£984m), a record year for the 959-lawyer firm.

Profits per equity partner (PEP) rose 7.1% to $4.38m (£3.53m), while revenue per lawyer rose 13.4% to $1.27m (£1.02m). The number of partners stayed flat at 139, while headcount rose to 959, a slight increase on 2015.

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