Revenue growth at US firms over the first half of 2008 was the weakest it has been for seven years, with profits per equity partner (PEP) falling by 9.1% over the period, according to research compiled by Citi Private Bank. The research, gathered from data from 165 US firms including 130 of the Am Law 100 and 200, was revealed on Legal Week sister title The American Lawyer. It shows average revenue growth of 4.8% for the first half of this year - the lowest average since Citi started tracking quarterly results in 2001. Meanwhile, law firms' expense growth has remained high, driven by the continued increase in lawyer headcount.
August 21, 2008 at 11:34 AM
1 minute read
The original version of this story was published on Legalweek
Revenue growth at US firms over the first half of 2008 was the weakest it has been for seven years, with profits per equity partner (PEP) falling by 9.1% over the period, according to research compiled by Citi Private Bank.
The research, gathered from data from 165 US firms including 130 of the Am Law 100 and 200, was revealed on Legal Week sister title The American Lawyer.
Presented by BigVoodoo
Celebrate outstanding achievement in law firms, chambers, in-house legal departments and alternative business structures.
The African Legal Awards recognise exceptional achievement within Africa s legal community during a period of rapid change.
The premier educational and networking event for employee benefits brokers and agents.
Atlanta s John Marshall Law School is seeking to hire one or more full-time, visiting Legal WritingInstructors to teach Legal Research, Anal...
Shipman is seeking an associate to join our Labor & Employment practice in our Hartford, New Haven, or Stamford office. Candidates shou...
Evergreen Trading is a media investment firm headquartered in NYC. We help brands achieve their goals by leveraging their unwanted assets to...
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
