Big Law Firm ‘Pandemic Profits’ Continue with Strong Growth
“Big Law continues to report large ‘pandemic profit’ growth, as Cooleys and White & Case report double digit growth in 2020, while Hogan Lovells reports profits per partner (PPP) jumping 30 per cent from 2019 to 2020,” posts LawFuel in their Big Law.
“The pandemic has seen revenues remain steady while expenses have been reduced and more firms are investing in technology and legal talent.”
“Global turnover for White & Case managed to grow 6.6 [per cent to $2.18bn, while profit per equity partner (PEP) was up over eight per cent to $2.59m, albeit against a drop of 10 equity partners to 332 worldwide.”
