With a batch of big-ticket cases coming to a con-clusion last year, litigation-focused Kasowitz, Benson, Torres & Friedman saw its gross revenue decline 8.2 percent, to $229.5 million, and its profits per partner plunge 14.7 percent, to $1.45 million, in 2013.
Founding and managing partner Marc Kasowitz downplayed the sharp drops, noting that the New York–based 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 says. “I think most firms our size would be very happy with those kinds of numbers.”
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