The Law Journal 's annual survey shows that while highest-grossing firms upped their head counts in 2006, the greater numbers put a strain on profitability.
April 27, 2007 at 12:00 AM
1 minute read
New Jersey’s largest and richest firms went on a hiring and promotion binge in 2006, adding lawyers at four times the rate of the previous year and making new partners at thrice the prior clip.
Total revenues and net profits thus went up sizably, but only by aggregation. In terms of revenue per lawyer and profits per partner, 2006 was a flat year for the Law Journal 20 – the state’s highest-grossing law firms.
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