Law firms—especially small and midsize ones—faced a tough economic landscape in 2015, with sliding revenue and stagnant partner compensation, according to the latest survey of firm finances by ALM Legal Intelligence.

Revenue per partner averaged $468,511 at the 574 firms that responded to this year’s Survey of Law Firm Economics, down from $491,729 in 2014. That 4.7 percent decline is the largest since ALM’s research arm began tracking revenue per partner in 1985.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]