Alston & Bird offices in Atlanta. Photo: John Disney/ALM Alston & Bird Crossed $1B Revenue Mark as Demand, Profits Soared
The firm said it has seen significant growth in its London office, which opened with three lawyers in 2019 and had grown to 28 lawyers by the end of 2021.
February 10, 2022 at 02:11 PM
4 minute read
Law Firm Profitability
The original version of this story was published on Daily Report
Alston & Bird saw significant profit growth in 2021 amid increased demand, as the firm reached a gross revenue of more than $1 billion for the first time in its history.
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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.
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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.
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