Ira Coleman, chair of McDermott Will & Emery. Courtesy photo McDermott Sees 13% PEP Rise as Revenue Continues Steady Growth
The firm's revenue growth last year was slower than in recent years, but McDermott Chair Ira Coleman said the firm's concept of "institutional health" was the larger focus.
February 22, 2024 at 10:15 AM
5 minute read
Law Firm Profitability
McDermott Will & Emery, with a string of large health care merger and acquisition and litigation matters in 2023, saw its gross revenue climb 5.8% to $1.92 billion and its profits per equity partner shoot up nearly 13%.
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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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