Proskauer nears $1bn revenue mark as it posts new profit highs
The firm saw gross revenue grow by 9.8%, while profits per equity partner jumped 12.4%
February 13, 2019 at 06:52 PM
5 minute read
The original version of this story was published on The American Lawyer
Proskauer Rose continued its steady financial growth in 2018, as the New York firm hit a new high mark for revenue.
Gross revenue at the firm grew 9.8% to $977.9m last year, up from $890.3m in 2017. Revenue per lawyer also increased by 10.4% to $1.35m, while profits per equity partner (PEP) jumped 12.4% to $2.66m in 2018.
As its financial metrics increased, headcount at Proskauer remained relatively flat, decreasing by 0.5% to 726 attorneys across the firm. Its equity ranks stayed the same as in 2017 at 173 partners, while its non-equity partner tier grew 11.3% to 69 attorneys.
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