Perhaps the reports of Big Law’s last days were premature. Mayer Brown, the firm that The New Republic spotlighted last year as a case study for dysfunction in the large law firm business model, saw profits per equity partner jump more than 11 percent in 2013, to $1.285 million, its highest ever.
The firm’s previous record, $1.24 million, had been set in 2007, prior to the financial crisis. However, Mayer Brown’s equity partnership was much larger then—318, compared with 269 in 2013.
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