Biglaw Revenues Slightly Up Profits Slightly Down
Last year the world’s biggest law firms saw their lowest revenue increase in a decade, according to reports. The mere increase of 2.8 percent showed revenue per lawyer was flat, while partner equity dropped one-half percent. The top 100 firms still brought in billions, and the most profitable partners made more than $5 million each. But the revenue increase was lower than the cost of living increase in major American cities....