Weil, Gotshal & Manges office. Photo: YouTube Weil Rides Balance to Double-Digit Revenue, Net Income Growth in 2021
Revenue per lawyer was up 7.4% to $1.57 million while the firm's profits per equity partner jumped 14.8% to $5.18 million, the first time the firm has crossed the $5 million threshold.
March 31, 2022 at 03:05 PM
5 minute read
Law Firm Profitability
Weil, Gotshal & Manges saw its revenue increase by 12% to $1.86 billion and its net income shoot up 18.2% to $940 million as the firm rode a strong balance of practice areas and geographies to its most profitable year ever.
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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.
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