Milbank, Tweed, Hadley & McCoy saw gross revenue and partner profits rise slightly in 2015, after two previous years of strong financial growth.
The 649-lawyer Wall Street firm saw its attorney head count rise 5.6 percent in 2015, up from 614 the year before. Milbank reported $771 million in gross revenue last year, an increase of 1.3 percent. Profits per partner remained mostly flat, ticking up 0.7 percent, to $2.765 million, as revenue per lawyer dropped 4 percent, to $1.19 million. Milbank’s net income rose 1.9 percent in 2015, to $402.5 million.
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