Managing Partner » Things Are Looking Up For The Law Firms

Things Are Looking Up For The Law Firms

February 13, 2015

Net income for law firms was up six percent in 2014 compared to the previous year, and profits-per-partner increased 5.7 percent, according to the 2014 legal industry report from Citi Private Bank Law Firm Group. The largest firms- the so-called AmLaw 50 – had the best numbers, reporting profits-per-equity-partner increases of 7.2 percent over 2013. Firms focusing on M&A saw the most improvement, litigation less so. That’s because more litigation work is staying in-house and more companies are choosing to settle their disputes, according to a client advisor with the bank that did the report.

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