America's legal elite has emerged from its worst financial year since 1991 as partner profits and lawyer productivity at the US's top 100 law firms fell for the first time in 17 years.Eagerly-awaited 2008 results from Legal Week's sister title The American Lawyer confirms the dramatic impact of a fourth quarter dominated by financial turmoil, leading to an immediate global slump in demand for legal services.
May 07, 2009 at 12:03 PM
1 minute read
The original version of this story was published on Legalweek
Profits fall 4.3% at top US firms while revenue edges up to $67bn; Wall Street elite bears brunt as market stalls
America’s legal elite has emerged from its worst financial year since 1991 as partner profits and lawyer productivity at the US’s top 100 law firms fell for the first time in 17 years.
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