Cleary Gottlieb’s leader wants the law firm to significantly boost its revenue without drastically growing its headcount or tinkering with its single-tier partner pay system.
Michael Gerstenzang’s ambitious goal is to land Cleary among the Top 20 firms by gross revenue, a feat that would require a leap of roughly $500 million from last year. That would mean a 36% gain from last year, when Cleary ranked No. 30 among US firms in gross revenue.
His push for revenue growth comes at a time when some firms are taking drastic steps to hire top talent, leading to a lateral partner ...
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