The major Washington DC firms’ figures, for the year 2002-03, have shown strong increases in fee income, suggesting that they have been thriving, not merely surviving in what has been a more Washington-centric economy in the past year.
The traditional strength areas of the capital’s firms – in litigation, lobbying and government-related regulatory and compliance work – have continued at a stable pace, while the remainder of the top 100 firms nationally find themselves suffering from a depressed M&A market and a dearth of public offerings.
