Sam Danon, managing partner of Hunton Andrews Kurth. Courtesy photo RPL Ticks Up at Hunton Andrews Kurth in 2022, But Profits Fall Following Record 2021
Revenue slipped by 3.1% at Hunton Andrews Kurth, but the firm's lawyer head count also declined by 4.9% in 2022. Net income, meanwhile, dropped by more than 17%.
April 14, 2023 at 06:08 PM
5 minute read
Law Firm Profitability
The original version of this story was published on The American Lawyer
Revenue and profits declined at Hunton Andrews Kurth in 2022, but the firm's strategic industry focus on energy, financial services, real estate, and retail and consumer products helped guide the firm to its second-best year ever.
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Who Got The Work
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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