THEY MAY LAMENT that they are the poor cousins of hedge fund managers and private equity stakeholders, but law firm partners are hardly suffering.
In 2006, for the first time since The American Lawyer started measuring the financial performance of law firms 22 years ago, a majority of America’s 100 top-grossing firms had profits per equity partner of $1 million or more. And one, Washington’s Wiley Rein, notched the highest profits per partner ever recorded by the magazine.
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