City growth drives strong Paul Hastings results
Paul Hastings Janofsky & Walker has posted robust year-end figures for 2006, with the firm's City office showing turnover rocketing by 84%. Turnover at the Los Angeles giant was up by more than a fifth (22%) to reach $813.5m (£442m), while profits per equity partner (PEP) rose 21% from $1.33m (£728,000) in 2005 to $1.61m (£872,000) last year.
February 15, 2007 at 10:56 AM
2 minute read
Paul Hastings Janofsky & Walker has posted robust year-end figures for 2006, with the firm's City office showing turnover rocketing by 84%.
Turnover at the Los Angeles giant was up by more than a fifth (22%) to reach $813.5m (£442m), while profits per equity partner (PEP) rose 21% from $1.33m (£728,000) in 2005 to $1.61m (£872,000) last year.
The firm's 40-lawyer London arm grossed $21.4m (£11m) for the 12-month period, against a figure of just $11.6m (£6m) the previous year.
Firm chairman Seth Zachery said the firm hopes to grow the London office by a further 30% over the next 12 months.
The firm's results come after Los Angeles rival Gibson Dunn & Crutcher last week announced its 2006 figures, with fee income up 8% to $809m (£411m) and profits climbing 7% to $1.75m (£888,000).
Meanwhile, Vinson & Elkins posted modest results for 2006 after a year in which the Texas leader has made significant strides in putting its Enron nightmare behind it.
Revenue at Vinson was up 4% to a new mark of $531.9m (£272.5m), while PEP climbed 5% from $1.07m (£548,000) in 2005 to $1.13m (£576,000).
Last month, the Houston-based firm was dismissed from a $40bn (£20.3bn) Enron-related securities class action – a suit which represented the last claim facing Vinson over the collapse of the disgraced energy giant.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
Can Law Firms Avoid Landing on the 'Enemy' List During the Trump Administration?
5 minute read
Letter From Asia: Will Big Law Ever Bother to Understand Asia Again?
Simpson Thacher, Nishimura, Mori Hamada Assist on KKR's $4B Winning Bid in Japan
Trending Stories
- 1In-House Lawyers Are Focused on Employment and Cybersecurity Disputes, But Looking Out for Conflict Over AI
- 2A Simple 'Trial Lawyer' Goes to the Supreme Court
- 3Clifford Chance Adds Skadden Rainmaker in London
- 4Latham, Kirkland and Paul Weiss Climb UK M&A Rankings
- 5Goodwin Hires Quinn Emanuel Partner to Launch Office in Brussels
Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
