US Top 50: Tougher at the top
On the face of it, 2005 was another good year for the US top 50. But behind the headline figures the picture is more complex. Derek Bedlow reports
The great American legal juggernaut rolls on. In the last calendar year, the top 50 firms in the US generated fee income of $36bn (£20.1bn) between them, an increase of 11.5%, while partner profits were up by a robust 10.5% to an average across the leading 50 of $1.35m (£756,000). This follows similar performances in 2003 and 2004, when profits and fee income both saw growth well into double figures.
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