Wall Street's leading law firms have defied gloomy predictions to stage a notable comeback in 2009, emerging as the top performers among the US's 100 largest law firms. Financial results for 2009 from Legal Week's US sister title The American Lawyer show that the 13 New York firms with profits per equity partner (PEP) of more than $2m (£1.3m) overcame the toughest trading conditions for a generation to raise partner profitability by 3%.
May 19, 2010 at 04:53 AM
1 minute read
The original version of this story was published on Legalweek
Fee income dips to $64.8bn at top 100 US firms while headcount falls by 1,219; partner profits hold steady at $1.26m
Wall Street’s leading law firms have defied gloomy predictions to stage a notable comeback in 2009, emerging as the top performers among the US’s 100 largest law firms.
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