New York’s elite defy the prophets of doom
Well, it looks like the City’s largest firms can kiss what little hope they had of securing a deal with a top Wall Street practice goodbye. Based on the 2009 results from The American Lawyer, Manhattan’s legal elite have comprehensively disproved the widespread claim that their business model would falter in a recession. Instead, New York’s most profitable law firms have emerged as the clear winners in 2009, outperforming the average US top 100 firm by a significant margin.
