Category Archives: Partners

Paul Weiss, its New Player-Manager and BigGlobalLaw in 2009

At Big NY Law, as in our society at large, we are indeed expressing great confidence in our 45 to 50 year old males. On about the same day that 47 year old Barack Obama steps into the Oval Office as the 44th President of the United States and 47 year old Tim Geithner assumes the helm of the Treasury, 48 year old Brad Karp, Litigation Partner at Paul Weiss Rifkind Wharton & Garrison, will assume the duties of Chairman of the Firm. As such, while relinquishing none of his responsibilties as a practicing litigation partner, he will take control of a business which, according to the AmLaw Global 100 survey of the World’s Highest-Grossing Law Firms of 2008 survey, employs a total of 663 lawyers in six offices across the planet (about 500 in New York and the rest in Washington, D.C., London, Tokyo, Beijing and Hong Kong) and earns gross revenue of $651 million (Global rank 45).

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Partners with Portable Business — Your Premium During the Crisis

It’s a given that a law firm partner with sufficient portable business can always find another firm to host his or her practice. But what is “sufficient” for whom? And what is the present value of your practice today vis-a-vis before the storm? Are there any players who are willing, ready and able to pay a significant premium for the certain revenue you may bring to them in what promises to be a trying 2009 for purposes of the Am Law revenue charts? Who are these firms and how much may they be willing to pay you for such certainty in precarious times?

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