Paul Hastings Revenue, Profits Surge to Outpace Biggest Firms

Paul Hastings boosted revenue 22% to more than $2.2 billion last year and saw profits jump as the firm hired partners from rivals more aggressively than most peers.

The value of a firm partnership unit—referred to as shares or points at other firms and doled out to equity partners based on performance and seniority—rose roughly 20% to $541,000 during the firm’s last fiscal year, which ended January 31.

The figure is up 80% over the last four years, according to data provided by Paul Hastings. The increase highlights the firm’s hiring strategy and helps it lure more rival talent by ...