Small Group Of Law Firms Dominates Market, Report Says

WESTCHESTER COUNTY, N.Y. -- Law firms saw the best revenue growth since the recession in 2014, but that doesn't mean every law firm is back in the black, according to The Wall Street Journal.

Revenue was up for law firms in 2014, but a small group of corporate firms ate up most of the gains.
Photo Credit: *File*

Joe Jenkins

04/09/2015 10:30 a.m.

A group of 15-20 major corporate law firms are eating up most of that revenue growth, averaging a 6.6 percent increase, whicl 170 other firms saw a more marginal increase of 4 percent, The Wall Street Journal reported.

The most profitable firms included Paul, Weiss, Rifkind, Wharton & Garrison LLP and Sullivan & Cromwell, with $3.85 million and $3.68 million in per-equity partner profits, respectively, The Wall Street Journal said.

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