Paul Weiss Reports ‘Most Profitable Year in Firm’s History’

Many Am Law 100 firms are reeling from the recession, but not Paul Weiss. Although the firm's gross revenue slipped by 3.8 percent in 2009, profits per equity partner hit $2.69 million, up from $2.65 million in 2008, even though the firm increased its head count slightly. Chairman Brad Karp said Paul Weiss' restructuring and litigation practices were particularly busy in 2009, which he described as "the most profitable year in our firm's history."