02 March 2015

Paul Hastings breaks through US$1b on billings

Paul Hastings has pushed through the $1b earnings barrier by increasing its income 6% and earning $500,000 over $1b in 2014.

By Neasa MacErlean

Los Angeles - Paul Hastings HQ

Profits per partner went up faster than the rise in income, going up 8.5% to hit the sum of $2.36m per head. The firm now has 873 lawyers including 276 partners. 

White collar

Chair Seth Zachary said that strong growth was particularly due to work done in Latin America, IP, leveraged finance, white collar crime and securities and capital markets. He said: 'It’s gratifying to have a year where the broad progress in our practices is reflected in record financial results.' The firm has offices in the US, Europe and the Far East. The Los Angeles-based firm has just added three white collar defence lawyers from Squire Patton Boggs. Source: ABA

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