Mitchell Zuklie of Orrick. Courtesy photo Revenue Up 6.2% at Orrick, But Profits Grew by Much More
Demand in practices, including litigation, cybersecurity and privacy, and finance, helped Orrick Herrington & Sutcliffe post a third straight year of revenue growth.
March 20, 2024 at 09:12 AM
5 minute read
What You Need to Know
- With an increase in revenue of 6.2% in 2023, Orrick Herrington & Sutcliffe posted a record for the third year in a row.
- An early year merger with Buckley helped the firm grow its financial services, enforcement and litigation practices.
- Significant growth in the equity partnership led to flat PEP, although profits improved by 13.8%.
Orrick Herrington & Sutcliffe boosted revenue by 6.2% in 2023, but profits per equity partner were flat as the firm's equity partnership swelled by 13.8% due to aggressive lateral partner hiring and an early year merger with Washington, D.C.-founded financial services firm Buckley.
"It was a very strong year in terms of client results and in terms of financial performance and in terms of strategic investments," Orrick Chair Mitch Zuklie said in assessing 2023.
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