In the national economy, there were signs that 2014 marked the return of happy days, or at least more productive and profitable ones. America’s Gross Domestic Product increased 2.4 percent, representing the highest such increase in four years. On average, more than 200,000 jobs were added each month, resulting in the best showing for job gains since 1999. An 11.4 percent increase in the Standard and Poor’s 500-stock index reflected the strong performance of equities markets in 2014.
The Am Law 100, the nation’s 100 highest-grossing law firms, generally reflected this trend, finding themselves busier and more profitable. “It was a tremendous year,” says Marc Jaffe, global co-chair of Latham & Watkins’ capital markets practice. He says that firms benefited from spikes in financial transactions work as well as growth in “white-hot” industries such as life sciences and technology.
This content has been archived.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]
