Despite a 10-year low for worldwide M&A activity profit per equity partner at the top firms grew by 12.4%, as they pruned their equity ranks and closed offices.
September 16, 2024 at 05:00 PM
8 minute read
Reporter
Things can only get better? That was the message a year ago after the anaemic growth of the world’s largest law firms—and by and large, the latest figures suggest that they have.
The combined revenue of the highest-grossing 200 law firms in the world climbed to just over $200 billion in 2023, an increase of 6.5%. That uplift might not exactly set everyone’s pulse racing, but is certainly an improvement on the previous year, when overall revenue only inched up by just over 1%.
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