Wake Up Call: Perkins Coie Breaks $1 Billion in Revenue

In today’s column, at least 15 Big Law firms made layoffs in 2020 and then posted major profits despite the pandemic; Coca-Cola’s new general counsel earned $4.7 million in a few months at the company last year; Davis Polk is defending Paul Hastings in a malpractice suit over rent contract terms; law school applications are way up, and Columbia Law is No. 1, again, for getting grads into law firm jobs.

• Leading off, Perkins Coie’s strong client relationships, tech practice, and work for the Democratic Party drove 7.1% growth in its gross revenues to get the firm over $1 billion ...