Rachel Proffitt and Joe Conroy of Cooley. (Courtesy photo) 'Outrunning the Bear,' Cooley Posts Revenue High Amid Head Count Decline
"We did more than our share of capital markets work in the crappiest market we have seen in a long time," said Cooley chair Joe Conroy.
March 13, 2024 at 04:29 PM
5 minute read
Law Firm Profitability
What You Need to Know
- Cooley ticked its revenue up 1.4% from the year before.
- The firm did this while weathering an anemic capital markets arena and a deal environment in full ebb.
- Rachel Proffitt, elected in September 2023, took over on Jan. 1 as CEO, with longtime CEO Joe Conroy retaining the chair role.
Cooley saw its revenue climb 1.4% to $2.03 billion, a new high for the firm, riding a balanced practice mix as the technology sector, a focal point for the firm, continued to struggle in 2023.
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