Paul Weiss Ends Public Financial Data Reporting
The firm joins Kirkland & Ellis in withholding future revenue figures from industry publications.
Updated on Oct. 29, 2026 in Corporate Finance
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Paul Weiss has officially notified The American Lawyer that it will no longer share its financial performance data with the publication. The 2025 financial report stands as the final set of figures the law firm will disclose to the industry outlet.
Why it matters
The decision marks a shift in transparency for private law firms, which are not legally required to disclose their internal financial figures to the public. The move follows a similar action taken by Kirkland & Ellis earlier this month.
Paul Weiss reported $3.3 billion in revenue and $8.6 million in profits per equity partner last year. The firm held the 11th rank in gross revenue and the seventh position in profits per partner.
The players
Paul Weiss
A prominent law firm headquartered in New York that has decided to cease voluntary financial disclosure.
The American Lawyer
An industry publication that tracks financial performance and rankings for major law firms in the United States.
Kirkland & Ellis
A major law firm that recently decided to discontinue its practice of sharing internal financial data with external publications.
Weil, Gotshal & Manges
A law firm that underwent a collapse in late October 2026.
The details
Private law firms like Paul Weiss traditionally share financial data voluntarily with industry publications to facilitate market benchmarking. This withdrawal of data occurs as the legal sector faces structural changes, notably highlighted by the collapse of Weil, Gotshal & Manges this week.
Timeline
Paul Weiss generated $3.3 billion in revenue last year.
Kirkland & Ellis stopped sharing data in October 2026.
Paul Weiss notified The American Lawyer of the change on October 22, 2026.
Weil, Gotshal & Manges collapsed during the week of October 29, 2026.
Market Landscape
The decision to withhold financial data follows the recent collapse of Weil, Gotshal & Manges, signaling heightened sensitivity within the legal industry. This shift reflects a move away from the transparency standards that have historically defined competitive rankings between large US law firms.
For clients and industry observers, the lack of public financial data may make it more difficult to assess the stability and scale of major law firms. Readers should anticipate less granular insight into the profitability and operational health of these private entities moving forward.
The takeaway
The move suggests that major law firms are increasingly prioritizing confidentiality over traditional industry recognition. Clients may need to rely on alternative metrics, such as case outcomes and market reputation, to evaluate the standing of their legal counsel.
Further reading
For more on the changing fiscal landscape of the industry, see the Corporate Finance section.
Source note: This article includes information reported by Financial Times News.
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