Last year, some of the largest firms among the Am Law 100 blamed tepid growth the prior year on unfavorable exchange rates. Currency woes for many firms only got worse in 2016, especially after the United Kingdom's surprise decision to withdraw from the European Union. The euro is now worth about $1.06, while the British pound has dropped to about $1.23, flirting with historic lows.
January 18, 2017 at 06:26 PM
1 minute read
The original version of this story was published on Law.Com
Last year, some of the largest firms among the Am Law 100 blamed tepid growth the prior year on unfavorable exchange rates. Currency woes for many firms only got worse in 2016, especially after the United Kingdom’s surprise decision to withdraw from the European Union. The euro is now worth about $1.06, while the British pound has dropped to about $1.23, flirting with historic lows.
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