In 2024, Proskauer Rose experienced significant financial growth, with revenue increasing by 13% to reach a new height of $1.39 billion. This growth was primarily driven by the firm’s strong positioning in the private capital sector. Alongside this revenue boost, the average profit per equity partner (PEP) saw a notable rise of 23.7%, reaching $4.46 million, as reported by Law.com.
Additionally, despite a 2% reduction in headcount, Proskauer’s revenue per lawyer increased by 15.6% to $1.81 million. The firm’s strategic decisions, including a decrease in both the equity and nonequity partner tiers, may have contributed to these improvements. For further details, please refer to the American Lawyer’s article.