In the past year, the share of Big Law firms that indicated plans to grow leverage in the next two years has shrunk, while remaining a majority, as lower levels of demand this year have left firms with highly paid lawyers with lower levels of average productivity.
Midyear survey results on leverage projections, provided to The American Lawyer by researchers at Citi’s Global Wealth at Work Law Firm Group, found 62% of large firms anticipate an increase in the ratio of salaried lawyers to equity partners, down from 77% in 2022’s mid-year survey.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
