Network Firm News

Friday, May 16, 2003

U.S. Law Firms' 2002 Revenues

(Source: UK's Legal Week)
Commenting on the 2002 results of a survey it conducted, UK's Legal Week says, "The table itself confirms the strength and depth of the US domestic market. The majority of the top firms have shrugged off the slump in transactional work by tapping into the seemingly endless supply of litigation and insolvency work the country generates. US firms’ litigation departments are genuinely counter-cyclical operations easily outshining their UK counterparts. More fundamentally, lawyers across the pond are closer to the centre of power — a status that flows from the authority the constitution grants to the judiciary."

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