Proskauer Rose leaned in on its strong position in the private capital arena, with revenue jumping 13% to a new high of $1.39 billion while average profits per equity partner surging 23.7% to $4.46 million.

“We were up in every major financial category, and the biggest component of that is that demand grew,” Chair Tim Mungovan said. “And because demand grew for what we do, and we exercised good business judgment. We produced extraordinary results.”

The demand increase was two-fold, with the firm’s product litigation practice seeing strong results as well as the firm’s transactions practice. In particular, the firm saw a surge in private capital deployment and fund formation.