Phil Inglima, Crowell & Moring management committee chair. Photo: Diego M. Radzinschi/ALM Crowell & Moring Posts Double-Digit Revenue Spike
The Washington, D.C.-based firm saw gains in its regulatory and litigation practices, as well as its contingency fee business, particularly in health care and antitrust recovery.
March 24, 2023 at 05:30 AM
4 minute read
Reaping the benefits of a busy year for litigation and regulatory work, Crowell & Moring ended 2022 solidly in the black, posting a 14% jump in revenue to $590 million and an 8.7% rise in average profits per equity partner to $1.3 million.
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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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