Fried Frank Keeps Up Growth, Doubling Partner Profits Over Five-Year Span
Chairman David Greenwald said 2019 is shaping up to be another strong year.
March 22, 2019 at 04:48 AM
4 minute read
The original version of this story was published on The American Lawyer
Fried, Frank, Harris, Shriver & Jacobson is continuing to grow its top and bottom lines, boosting revenue and surpassing the $3 million mark in profit per equity partner (PEP) for the first time in the Wall Street firm's 129-year history.
PEP rose 11.1 percent in 2018 to $3.268 million. During the past five years, PEP has grown by 100 percent, noted Fried Frank chairman David Greenwald.
Fried Frank's gross revenue grew 7.9 percent in 2018 to $684 million, and revenue per lawyer rose 3.1 percent to $1.333 million, a milestone for the firm.
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