Law firms’ first half financial results are in, and they are much better than most partners would have predicted a few months ago. That’s especially true for the largest U.S. firms, which may be gearing up for a lateral partner shopping spree in the New Year.
Firms among the AmLaw 50 grew revenue by 7.1% over the first half of the year, according to Citi Private Bank’s Law Firm Group, which surveyed 196 law firms. Those within the next 50 largest grew revenue by 3.4%, and the AmLaw Second Hundred saw revenue rise by only 1.4%.
