An early look at 2014 firm financials suggests that large New Jersey-based firms are lagging well behind average revenue and profit growth rates from a recent survey of national and global firms.
According to the Feb. 11 report by Citi Private Bank’s Law Firm Group, the 179 firms surveyed had average revenue growth of 4.5 percent and average profit growth of 6 percent in fiscal 2014. Each average growth rate was nearly double the rate for fiscal 2013, the report said.
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