Davis Polk & Wardwell did what few New York firms were able to do last year: the firm increased both revenue and profits per equity partner (PPP) significantly, according to our reporting.
Meanwhile, our reporting indicates that Sullivan & Cromwell posted extremely modest 1 percent gains in revenue and PPP. Revenue and profits at a third Wall Street firm, Cleary Gottlieb Steen & Hamilton, were basically flat in 2009.
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