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Law firms saw revenue growth in 2012

Gross firm revenues, net incomes and profits per equity partner were the highest since the recession

Despite all odds, 2012 proved to be a profitable year for Big Law.

Wells Fargo Private Bank’s Legal Specialty Group has released a preliminary survey showing that revenue among large U.S. firms increased in 2012. The numbers, which on average were better than those in the years since the recession, were a “complete surprise,” Jeff Grossman, national managing director for the specialty group, told the Wall Street Journal’s Law Blog.

Ashley Post

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