Ogletree Posts Another Year of Revenue, Profit Gains
Ogletree, Deakins, Nash, Smoak & Stewart reported another year of healthy revenue gains in 2016, while continuing to add lawyers and one new international outpost.
May 02, 2017 at 06:52 PM
4 minute read
Ogletree, Deakins, Nash, Smoak & Stewart reported another year of healthy revenue gains in 2016, while continuing to add lawyers and one new international outpost.
Revenue increased 7 percent to $427 million at the labor and employment firm. Head count rose by 38 lawyers for a total of 759, a 5.2 percent increase. That pushed up revenue per lawyer by a smaller amount—RPL grew 1.8 percent to $565,000.
Ogletree's average profit per partner jumped $25,000 to $685,000, thanks to a 13.6 percent increase in net income to $121 million.
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
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