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Data from 179 large law firms revealed an average profit growth of 4.3% and 3.6% last year, according to a report card from Citi Private Bank.
An earlier report from Wells Fargo Private Bank showed a nearly 6% profit growth and 5% revenue growth, the Wall Street Journal reports.
Despite improved demand in the fourth quarter, many firms are concerned about a return to levels seen in the first nine months of 2012. The report also noted a continued drop in lawyer productivity.
Subscribers to the Wall Street Journal can read the full article on the site’s law blog here.
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A DLA Piper associate’s e-mail stating “that bill shall know…
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More than 1.2 million applications, or “apps,” are available at…