Proskauer discloses ~3.5% of firm profits invested in technology, mostly AI-related

In reporting FY2025 results (revenue up 13.8% to $1.58B; profits per partner surpassing $5M), Chair Timothy Mungovan disclosed the firm invested roughly 3.5% of firm profits into technology, funded without debt, with 'almost all' of that investment in service of AI-related strategies covering both tooling and the people needed to implement it. No specific dollar figure, vendor, or product was named.