America's largest law firms returned to growth last year despite turbulent market conditions, with many US leaders achieving sharp increases in profits on the back of a prolonged squeeze on costs. Financial results for the 2010 financial year from Legal Week's affiliate title, The American Lawyer, show gross revenues across the US top 100 grew by 4% to $67.4bn (£40.4bn) against a healthy increase in profits per equity partner (PEP) of 8.4%.
May 05, 2011 at 03:22 AM
1 minute read
The original version of this story was published on Legalweek
America’s largest law firms returned to growth last year despite turbulent market conditions, with many US leaders achieving sharp increases in profits on the back of a prolonged squeeze on costs.
Financial results for the 2010 financial year from Legal Week‘s affiliate title, The American Lawyer, show gross revenues across the US top 100 grew by 4% to $67.4bn (£40.4bn) against a healthy increase in profits per equity partner (PEP) of 8.4%.
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