After stalling in the third quarter, law firm financial performance finished 2017 on a positive note, with a larger segment of the legal market contributing to upward trends in revenue and profits than in recent years, according to a new report from Wells Fargo & Co.
Wells Fargo Private Bank’s Legal Specialty Group on Tuesday released the results of its year-end check-in on law firm financials, showing average increases in revenue and profits between 3 percent and 4 percent for the legal market overall. The report, drawn from a survey of 160 firms, also showed an increase in demand across the law firms participating in the survey.
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