Law firms in New York have so far this year outperformed their peers nationwide as firms attempt to bounce back from the depths of the recession, according to a new survey.
The research by Wells Fargo Wealth Management found that while law firms nationally have seen flat revenue growth, firms in New York and Southern California are bucking that trend with 5 to 6 percent increases. But Wells Fargo said that the improved results in those areas related more to firms rebounding from declines in 2009 than real revenue growth.
