Proskauer increased its revenue by nearly 14% over the last year, with London revenue up more than 45%.
Firmwide turnover hit $1.58bn, up from $1.39bn last year, while the firm’s City office leapt forward to $226.8m, up 45% year on year and 77% over the last two years.
Meanwhile, profit per equity partner (PEP) also saw strong performance, with the firm riding a 13% increase to a total of $5.02m, crossing the $5m mark for the first time.
Revenue per lawyer (RPL) was also up, increasing just under 6% to $1.91m, while net income grew by 9.5% to $707.8m.
Proskauer achieved this increase to RPL despite a 7.5% rise in total headcount. However, PEP was boosted by a slight decline in equity partner numbers, which dropped by just under 3% to 141, as non-equity partner headcount was up 10%.
The results build on strong performance last year, when revenue increased by 13% and PEP by nearly 24%, after very slight dips to both turnover and PEP in 2023, as recorded in 2024’s Global 100 table.
The firm expanded in the US last year, including with a new office opening in Charlotte, North Carolina, launched in the autumn with the hire of a four-partner finance team from Cadwalader led by Ron Lovelace, who now leads the office, and was joined this January by litigator Jonathan Watkins.
Meanwhile in London, Proskauer has significantly boosted its finance offering since it hired A&O Shearman banking heavyweight Philip Bowden in summer 2024.
Since then, the firm has made a major play to build out the European arm of its finance offering, including with a successful push into high yield work that saw the London office go from having never advised on a high yield deal to advising on more than ten in 2025.
The firm has continued to grow in Europe into 2026, including earlier this month with a three-partner PE hire in Paris from Cadwalader’s prospective merger partner Hogan Lovells.
