With a batch of big-ticket cases coming to a close, litigation-focused Kasowitz Benson Torres & Friedman saw its gross revenue fall 8 percent, to $229.5 million, and its profits per equity partner plunge 15 percent, to $1.45 million, according to The American Lawyer’s reporting.
Founding and managing partner Marc Kasowitz downplayed the sharp drop in revenue, noting that the firm boasts impressive profits for a shop of its size. About 43 percent of the firm’s revenue last year, Kasowitz says, was profit.
“Each year, we aim for that to be about 50 percent,” he said. “I think most firms our size would be very happy with those kinds of numbers.”
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