Davis Polk Leads the Pack in New York; Sullivan and Cleary Hang In There
Davis Polk & Wardwell achieved what few New York firms were able to do last year, scoring fat increases in both revenue and profits per equity partner. The firm's revenue grew by about 7 percent, the highest percentage growth among New York firms. The firm's PPP rose an astonishing 10 percent -- at least 5 percent higher than about a dozen other elite New York firms. By comparison, revenue and profits per equity partner at Sullivan & Cromwell were up 1 percent and were basically flat at Cleary Gottlieb Steen & Hamilton.
