US elite outpace magic circle challengers as litigation drives 2002 profits up 8.5%
April 09, 2003 at 08:03 PM
1 minute read
The original version of this story was published on Legalweek
The US’ leading law firms have comprehensively shrugged off the prolonged slump in deal activity, Legal Week has established after gaining access to the most authoritative research on the financial performance of US firms.
Benchmark findings from Citigroup’s eagerly awaited ‘flash survey’ of the top 200 US law firms shows respondents collectively averaging an increase in fee income of 6.5%, while average profits per partner rose by 8.5%.
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