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Ed. be aware: Welcome to our day by day function, Quote of the Day.
We managed bills and head depend discount. After I look again at 2023, a few of these choices had been tough, however they paid off on the finish of the 12 months. We bent the curve on price and delivered some glorious outcomes for our companions.
— Bill Malley, managing accomplice of Perkins Coie, in feedback given to the American Lawyer on the agency’s monetary efficiency in 2023. The agency’s income rose to an an all-time excessive of $1.21 billion, and income per fairness accomplice climbed by 7.6%, to $1.6 million. Perkins Coie conducted staff layoffs in February, whereas deferring associate start dates (save for incoming IP associates) from fall 2023 to January 2024. “We had been robust throughout regulatory and litigation of all types, however particularly IP,” Malley continued. “We had extra patent litigation instances than ever earlier than, and we stored profitable. We’ve invested in and constructed a premier IP apply.”
Staci Zaretsky is a senior editor at Above the Regulation, the place she’s labored since 2011. She’d love to listen to from you, so please be at liberty to email her with any ideas, questions, feedback, or critiques. You possibly can observe her on Twitter and Threads or join along with her on LinkedIn.
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