New York Manhattan skyline. Credit: Alberto GV PHOTOGRAP/Adobe Stock New York City-Headquartered Law Firms Outpace Industry in First Half of 2024
"The incremental demand has really come from the transactional practices—capital markets, private equity, and fund formation. That trend started in the late third quarter of last year."
August 29, 2024 at 05:05 PM
3 minute read
Law Firm Profitability
What You Need to Know
- New York City-based firms grew more than the rest of the industry in revenue, demand, net income, and more in the first half of 2024, according to a new survey from Wells Fargo.
- For these firms, it looks like 'one of the best years ever.'
New York City-based law firms outpaced the rest of the U.S. legal market in revenue, net income, profits per equity partner, demand, rate, and collection growth this year as they saw a record-breaking first half of 2024, according to new data from Wells Fargo's Mid-Year Survey.
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