Paul, Weiss, Rifkind, Wharton & Garrison, citing growth in all five of its core practice areas, saw its overall revenue climb 10.9% to $2 billion, a firm high. Paul Weiss also crossed the $6.5 million mark in profits per equity partner for the first time, also a firm record.
The financial growth comes as Paul Weiss has decided to move to a two-tier partnership and a black box compensation system for partners, said firm chair Brad Karp on Tuesday, “to address head-on the competitive realities of the current marketplace.”
