Texas firms posted a solid year in 2018, but financial results in the Lone Star State largely fell a little short of national numbers in the Wells Fargo “year-end check-in” report, which shows results at the highest level since the recession a decade ago.
Texas firms did outpace the national average in one key area—profits per equity partner—with an 11.03 percent increase. That compares with an overall national increase in PPP of 8.1 percent, said Joe Mendola, senior director of sales with the Wells Fargo Private Bank Legal Specialty Group.
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