Sidley Austin and Paul Weiss post revenue growth in 2011

US firms Sidley Austin and Paul Weiss Rifkind Wharton & Garrison have posted revenue growth in 2011. Sidley Austin saw revenues rise 5.6 per cent to $1.41 billion in 2011, while partner profits increased 9.6% to $1.6 million. Executive committee chairman Thomas Cole said that the result was the product of balanced growth across offices and practice groups, although he singled out Sidley's 21-lawyer Palo Alto office, which opened in 2009, for posting an almost 50% increase in revenue. At Paul Weiss, revenue rose 3.9 per cent to a record $780 million, with partner profits growing 1.5 per cent to a record $3.1 million. "We were very fortunate in 2011 to have the highest revenues and profits in our firm's history, driven by record litigation and transactional activity," said chairman Brad Karp.

Sidley Austin and Paul Weiss post revenue growth in 2011 legalweek.com Fri, Feb 10, 2012