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man with a megaphoneRevenue growth among this country’s elite law firms may not be as reliable as death and taxes, but it’s pretty close.

Drawing on data from a cross-section of Am Law 100 and 200 firms and boutiques, a recent Citi Private Bank survey found revenues in the legal industry rose once again last year at a healthy 5.3%. That makes 10 straight years of solid revenue growth for most of those firms.

And yet, judging from our conversations with law firm leaders, anxiety pervades the managing class. Their concerns have less to do with the acquisition of new business than the war for talent—at all levels, from first-year associates to senior partners.

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