Richard Alexander of Arnold & Porter Kaye Scholer. Courtesy photo Arnold & Porter Sets Record Revenue, But Profits Slipped as Economy Slowed Demand
Revenue at Arnold & Porter Kaye Scholer topped the $1 billion mark for the second year in a row, but challenges such as economic troubles, rising expenses, slow collections and U.S. political dysfunction impacted profits in 2022.
March 27, 2023 at 10:06 AM
5 minute read
After topping $1 billion in revenue in 2021 for the first time, Arnold & Porter Kaye Scholer bested that mark in 2022 even as its net income declined by 7.9% and profits per equity partner fell 8.4%, as the firm met such market challenges as economic factors, rising expenses and dysfunction.
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