Hogan Lovells boasted record profits for its equity partners in 2020, thanks to cost savings and a lower number of the firm leaders.
Equity partners saw average profits jump 31% to nearly $2 million each, the firm told Bloomberg Law. At the same time, the number of those partners fell to 412 last year from 536 in 2019. Non-equity partners rose to 381 from 265.
Other top firms also improved results, even as the pandemic took root last year. McDermott Will & Emery, White & Case, Akin Gump Strauss Hauer & Feld, and Cooley showed gross revenue increases ranging from ...
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