Home

New York Firms Revenue Show Slight Hike, Research Reveals
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

Despite the economic crisis nationwide, New York and Southern California law firms registered a slight increase in terms of revenue growth, outshining other firms nationwide. The research, conducted by Wells Fargo Wealth Management, revealed that New York and Southern California made a 5 to 6% increase amidst the recent national trend in which law firms generally showed flat revenue growth. The information was collected from 115 law firms nationwide.

Jeffrey Grossman, national managing director of Wells Fargo’s legal specialty group, said that law firms nationwide have gone through various economic challenges in the past months. “The markets that experienced significant downturns, New York and Southern California, are generally the markets that have had more of an economic recovery,” Grossman explained.

Grossman noted that law firms will seriously boost their profits in 2011. However, without substantial increases in revenue and productivity, law firms will need to make further cuts. He predicted that reduction of law firm staff is possible to happen if not likely. “You’re going to see more cuts in terms of staff,” Grossman ended.

  
What
Where




 

Interesting Legal Sites You May Like


BCG FEATURED JOB

Locations:

Keyword:



Search Now

Creditor’s Rights Associate Attorney

USA-IL-Chicago

Chicago office of our client seeks creditor’s rights associate attorney preferably with 2-4 ye...

Apply Now

Creditor’s Rights Associate Attorney

USA-GA-Atlanta

Atlanta office of our client seeks associate attorney with ideally 3-5 years of experience in credit...

Apply Now

Civil Litigation Attorney

USA-KY-Lexington

Lexington office of our client seeks civil litigation attorney with 5+ years of experience having an...

Apply Now

RELEVANT JOBS

Employee Benefits (ERISA) Associate Attorney

USA-MN-Minneapolis

Felhaber Larson, a mid-sized law firm located in downtown Minneapolis, is seeking an associate attor...

Apply now

Associate Attorney

USA-NY-New York City

McGivney, Kluger & Cook is seeking to hire an entry-level Associate in our Downtown Manhattan office...

Apply now

Associate Attorney

USA-NJ-Florham Park

McGivney, Kluger & Cook is seeking to hire an Associate Attorney in our Florham Park, NJ office for ...

Apply now

Attorney

USA-CA-Sacramento

Looking for motivated attorney who wants to work part-time and possibly full-time in a variety of ar...

Apply now

SEARCH IN ARCHIVE

To Top