Law firm lenders at Wells Fargo and Citigroup, Inc. have been predicting for months that 2018 would turn out to be a post-recession high mark for the industry. On Thursday Wells Fargo finally revealed some full-year numbers, and they didn’t disappoint.
The Wells Fargo “year-end check-in,” featuring survey data from 150 law firms primarily in the Am Law 200, reported average revenue growth of 5.9 percent and average net income growth of 7.6 percent, the strongest numbers since before the Great Recession.
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