Patrick Quinn. Following a Record Year in 2021, Cadwalader Sees Double-Digit Declines as Market Cools
Gross revenue fell 10.5% in 2022 after rising 34.5% in 2021 as demand for structured products work plummeted in the second half of the year.
March 08, 2023 at 05:56 PM
4 minute read
Law Firm Profitability
Few law firms were better-positioned to capitalize on the strength of global financial markets in 2021 than Cadwalader, Wickersham & Taft, which reoriented itself to focus on the transactional needs of clients in 2016 by shrinking its global footprint and focusing on growth that complemented its core practices on Wall Street. The strategy paid massive dividends that year, when the firm jumped from $452.5 million in gross revenue to $608.9 million and boosted profits per equity partner by 71.5%.
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