Next year, who knows? But during 2008, a year that saw the national economy petering out, New Jersey’s largest firms held their ground in terms of size, revenue and profitability.
Continuing a trend of streamlining that was noticeable in 2007, firms in 2008 hired fewer new lawyers, kept equity partnership ranks tight and increased their proportions of lower-earning, higher-billing nonequity partners.
See chart: The New Jersey Law Journal Top 20
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