Gregory Bopp of Bracewell. Courtesy photo Riding the Energy Sector Wave, Bracewell Improves Revenue, Profits
Revenue improved by 4.8% in 2022, following a small decline the prior year, due to the volume of work in transactional, litigation and regulatory practices.
May 04, 2023 at 01:53 PM
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Benefiting from demand across the energy sector, Bracewell's revenue increased by 4.8% in 2022, but profits improved only marginally despite a high volume of work in transactional, litigation and regulatory practices.
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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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