Reversing an unprecedented slide, New Jersey's largest firms showed a robust comeback last year in key performance categories, as firms added lots of lawyers and saw increased profits. However, revenue per lawyer stayed virtually flat, and equity partnerships showed minor growth.
April 26, 2011 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Reversing an unprecedented slide, New Jersey’s largest firms showed a robust comeback last year in key performance categories: a strong sign that the “great recession” was little more than a temporary setback.
Total revenues and profits for the firms rebounded not only to meet but to exceed the levels of 2008: the year prior to their first decline since the New Jersey Law Journal began tracking the finances of the state’s 20 highest-grossing firms 25 years ago.
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