Davis Polk & Wardwell report 10% increase in profits for equity partners

March 15, 2010 2009 was a tough year for many law firms, but Davis Polk & Wardwell has bucked the trend, reporting a 10% increase in profits per equity partner (from US$1.9M in 2008 to US $2.1M in 2009), and 7 % growth in revenue in 2009.

The figures on profits per equity partner are at least 5% higher than the dozen or so other leading Wall Street firms to have reported their 2009 financials so far, including Shearman & Sterling, Paul Weiss Rifkind Wharton & Garrison, Dewey & LeBoeuf, Willkie Farr & Gallagher and Weil Gotshal & Manges.

Davis Polk & Wardwell owes its strong position to its participation in some of 2009’s biggest deals in M&A and restructuring.

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