Kramer Levin Naftalis & Frankel saw a 6.1% drop in revenue, to $421.44 million, while its average profits per equity partner fell nearly 15% to $2.38 million last year.
Still, firm co-managing partner Howard Spilko noted it was still the firm’s second-highest revenue-generating year ever. And, reflecting the cautious optimism among firms with robust restructuring and litigation practices, he said the firm is poised for a strong year in 2023.
