Fried, Frank, Harris, Shriver & Jacobson, a year after seeing its profits per equity partner dive 12.5%, flipped the script in 2023, riding strong practices in transactions, corporate real estate and fund formation to see its PEP shoot up 20.9% to $4.36 million, as its equity partner count declined. Its revenue was up 5.3% to just over $1 billion.
“We crossed $1 billion in revenue for the first time, which was exciting for the firm,” said Kenneth Rosh, the firm’s new chair and head of its private equity funds group. “In the context of the economic environment, it was even more impressive. We count about 70% of our attorneys as working on transactional matters, corporate real estate and funds. We are developing countercyclical practices, but they are not a huge driver at the moment.”
