Not the best news for the Biglaw firm.
The post This Biglaw Firm’s Profits Per Equity Partner Are Sliding Down appeared first on Above the Law.
Ed. Note: Welcome to our daily feature Trivia Question of the Day!
According to reporting by ALM, which Am Law 100 firm saw its profits per equity partner decline 17.5% in 2022, despite the fact that the number of equity partners fell 15.8%?
Hint: This PEP drop — and the corresponding revenue plunge of 10.6% —comes at a time of transition for the firm; a new firm leader will take over as senior partner later this year.
See the answer on the next page.