The Am Law 100, the Early Numbers: Kramer Levin Sees Mixed Results in 2014
Kramer Levin Naftalis & Frankel posted a 3.7 percent gain in profits per partner last year, to $1.815 million, but gross revenue declined by half a percent, to $320.5 million. Revenue per lawyer increased by 1 percent, to $1.04 million from $1.03 million.
March 04, 2015 at 09:19 AM
5 minute read
Kramer Levin Naftalis & Frankel posted a 3.7 percent gain in profits per partner last year, but gross revenue declined by half a percent.
Profits per partner increased to $1.815 million from $1.75 million, while gross revenue fell to $320.5 million from $322 million in 2013. Revenue per lawyer climbed 1 percent to $1.04 million from $1.03 million. Kramer Levin's net income declined 0.8 percent, to $121.5 million, while its profit margin remained unchanged.
The firm's managing partner, Paul Pearlman, who has held the office since August 2000, attributed the “de minimis” revenue decline to the unexpected delay of two large receivables “that we had expected to collect by year end,” he wrote in an emailed statement. “We were nevertheless quite pleased with our year given that profits per partner, revenue per lawyer and compensation for all partners all increased.”
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllTrending Stories
- 1'The Court Will Take Action': Judge Upbraids Combative Rudy Giuliani During Outburst at Hearing
- 2Attorney Sanctioned for Not Exercising Ordinary Care: This Week in Scott Mollen’s Realty Law Digest
- 3$1.9M Settlement Approved in Class Suit Over Vacant Property Fees
- 4Former Wamco Exec Charged With $600M 'Cherry-Picking' Fraud
- 5Stock Trading App Robinhood Hit With Privacy Class Action 1 Month After Alleged Data Breach
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
