Cahill reports record figures for 2012, including $3.555M profit per partner
Posted Feb 27, 2013 2:44 PM CDT
By Martha Neil
Cahill Gordon & Reindel has reported all-time record profits for 2012, including gross revenue of $348.5 million, up 6.9 percent from 2011, and average profit per partner of $3.555 million, up 10.7 percent.
"It was a record year, and we were quite pleased," Jonathan Schaffzin, a member of the 300-attorney New York-based law firm's executive committee, tells the Am Law Daily. "We were hitting on all cylinders for all practices throughout the entire year."
However, he said the firm's government investigations and securities litigation practice groups deserve special mention. While Schaffzin said he expects another good year in 2013, he noted that corporate practice is hard to predict because it depends on market conditions.