Curtis, Mallet-Prevost, Colt & Mosle has posted another strong financial year, powered by its countercyclical twin engines of arbitration and bankruptcy. The firm is reporting 2010 profits per partner of $1.41 million, up nearly 24 percent from 2009, and over 50 percent in three years. Gross revenue is up nearly 4 percent to $140 million.
“Arbitration and restructuring continue to be the drivers,” says firm chairman George Kahale III. Bankruptcy accounts for 14 percent of the practice, with the firm earning on the order of $1 million per month as conflicts counsel for Lehman Brothers. International arbitration accounts for over a quarter of the practice, with some 30 cases and a collective amount in dispute of approximately $100 billion. “Pound for pound we think we match up with any law firm in the world in arbitration,” says Kahale.
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