Network Firm News
Largest Firms Saw Profits Rise 8 Percent
New York Lawyer -- 5/12/03
Profits at the largest 50 law firms in the U.S. rose 8 percent and seven of the largest 10 US law firms saw revenue jump by more than 10 percent in 2002, according to a survey conducted by Legal Week, Financial Times reports. One firm led the field with revenues of $1.3 billion, up 10 percent, and profits per partner of $1.7 million, up 8 percent. Several firms posted revenue increases in the 16-18 percent range.