For Big Firms Profits Are Up, Up, Up…
The Wall Street Journal surveyed the country’s biggest law firms and it appears that for those firms, profits are not a problem. “[T]he so-called AmLaw 50* — had the best year. In 2014, the profits-per-equity-partner for these firms were up 7.2% over the 2013 numbers. The figure had risen 5.6% from 2012-2013.”
As a reminder to consumers of legal services, bigger isn’t necessarily better, though it may be more costly. Gustafson Nicolai pc prides itself on delivering excellent legal services to its clients, without the need to boast about profits. See the article here: http://blogs.wsj.com/law/
2015/02/12/better-times-for- law-firms-with-more-on-the- horizon-says-report/
*The AmLaw 50 includes some of the biggest law firms in the United States.
Uploaded by Ryan Gustafson, esq. on February 14, 2015.