Wake Up Call: Bryan Cave Profits Surge as Partnership Shrinks

In today’s column, a majority of law firm employees want to work remotely most of the time, a survey found; a big U.K. firm plans to merge with an Irish firm; the U.K.’s legal profession watchdog warned firms against “unreasonable workloads” on staff.

• Leading off, after a revenue drop in 2020, Bryan Cave Leighton Paisner vowed to prioritize its core practices. For 2021, the transatlantic firm posted revenues up 2.1% to $878.4 million and profits per equity party up 29.1% to $1.08 million, their first time past $1 million. But the firm lost 14.8% of its equity partners and 8.6% ...