Fenwick & West, MoFo, Dechert: Business of Law
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Law firms posted increases in revenue and profit per partner last year, with the top 100 U.S. firms boosting revenue by 3.4 percent to $73 billion, according to a survey by American Lawyer magazine.
Profit per partner rose by 4.2 percent to $1.5 million on average, the annual survey found. Firms in the top half of the survey had a better year than the bottom half. The first 50 had increases of 3.6 percent in gross revenue and 8 percent in profit per partner, while the bottom 50 saw sales rise 3 percent as profit dropped 3.3 percent.