Paul Weiss sees 7 per cent spike in global revenue

Paul Weiss Rifkind Wharton & Garrison has revealed its global revenue rose by 7.1 per cent over 2014 from $1.04bn in 2014 to $1.1bn.

The firm’s average profit per equity partner (PEP) also jumped from $3.8m to $4.1m, in a 6.4 per cent increase that has seen Paul Weiss’ PEP surpass the $4m barrier for the first time.

In London, Paul Weiss has two partners based in the office – Mark Bergman and David Lakhdhir. Bergman advised Shawbrook on US law when it announced its IPO last year, and the City office is made up of a further four members of counsel and 12 associates.

In the last financial results, the firm’s global turnover surpassed the billion-dollar barrier after an 11 per cent boost.

Paul Weiss’ US offices have had a busy transactional year, winning roles on Alent’s $2.3bn sale to Platform and Cushman & Wakefield’s $2bn merger with DTZ.