Fried Frank Extends Growth Streak With Double-Digit Revenue, Profit Gains
Chairman David Greenwald said London is a very big contributor to the firm's financial results and is growing. Average head count in London was up 17% — the highest growth of any of the firm's four offices.
March 16, 2020 at 04:47 PM
4 minute read
The original version of this story was published on New York Law Journal
Fried, Frank, Harris, Shriver & Jacobson reported another year of strong results for 2019, hitting record highs in every financial metric while growing its lawyer ranks.
The firm's revenue increased 13.3% to $776 million last year, and profits per equity partner rose 16% to reach $3.79 million across an equity tier whose size held steady at 104 partners. The firm's full-time equivalent head count rose 4.7% to 538, with revenue per lawyer up 8.2% to over $1.4 million.
Firm chairman David Greenwald said the firm had a good year across all its practices, including its corporate lawyers, who bring in about half the firm's revenue, and its litigation and real estate groups, each numbering a bit under 100 lawyers.
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