Lustre/Adobe Stock Showcasing Resilience of the Industry, Am Law 100 Firms Turn in Strong 2023
After taking a couple of body blows in 2022 and not knowing how the legs would hold up, Big Law was just waiting to counter.
April 16, 2024 at 10:07 AM
10 minute read
In 2022, law firms such as Wachtell, Lipton, Rosen & Katz; Davis, Polk & Wardwell; and Paul, Weiss, Rifkind, Wharton & Garrison walked back some massive profitability gains, and saw their net income and profit margins fall. Litigation powerhouse Quinn Emanuel Urquhart & Sullivan in 2022 saw its average profits per equity partner and revenue per lawyer drop at least 9%.
But in 2023, those firms and many others took two steps forward.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
Law Firms Mentioned
- Quinn Emanuel Urquhart & Sullivan
- Wilmer Cutler Pickering Hale and Dorr LLP
- Morrison & Foerster LLP
- Paul Hastings
- Akin Gump Strauss Hauer & Feld
- Wachtell, Lipton, Rosen & Katz
- Latham & Watkins
- Foley & Lardner
- Susman Godfrey
- Jenner & Block
- DLA Piper
- Nelson Mullins Riley & Scarborough
- Shearman & Sterling LLP
- Debevoise & Plimpton
- Milbank LLP
- Gibson, Dunn & Crutcher
- Sullivan & Cromwell LLP
- Cravath, Swaine & Moore
- Skadden, Arps, Slate, Meagher & Flom LLP
- Husch Blackwell
- Baker McKenzie
- Crowell & Moring LLP
- Fish & Richardson
- Paul, Weiss, Rifkind, Warton & Garrison
- Davis Polk & Wardwell
- Cadwalader Wickersham & Taft
- Kirkland & Ellis
- Haynes and Boone
Trending Stories
- 1Midsize Firm Bressler Amery Absorbs Austin Boutique, Gaining Four Lawyers
- 2Bill Would Allow Californians to Sue Big Oil for Climate-Linked Wildfires, Floods
- 3LinkedIn Suit Says Millions of Profiles Scraped by Singapore Firm’s Fake Accounts
- 4Supreme Court Agrees to Hear Lawsuit Over FBI Raid at Wrong House
- 5What It Takes to Connect With Millennial Jurors
Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
