The release of this year’s American Lawyer 100 survey of law firm finances has prompted the usual flurry of analysis and commentary, including this piece from the New York Times.
As the American Lawyer says, the real story this year goes beyond the core figures – which are not that different from last year – and is more “nuanced and interesting – a handful of the richest firms got much richer, the far-flung vereins got much bigger, and almost everyone else struggled just to keep up with inflation.”
Among the patterns and trends, the report notes the emergence of a group of 20 “super rich” law firms that outperformed their peers.
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