NJ Firms, So Far, Short of National and Global Growth Rates
An early look at 2014 firm financials suggests that large New Jersey-based firms are lagging well behind average revenue and profit growth rates from a recent survey of national and global firms.
February 12, 2015 at 01:19 PM
3 minute read
An early look at 2014 firm financials suggests that large New Jersey-based firms are lagging well behind average revenue and profit growth rates from a recent survey of national and global firms.
According to the Feb. 11 report by Citi Private Bank's Law Firm Group, the 179 firms surveyed had average revenue growth of 4.5 percent and average profit growth of 6 percent in fiscal 2014. Each average growth rate was nearly double the rate for fiscal 2013, the report said.
Though it's still early, the New Jersey firms for which the Law Journal already has obtained financial figures paint a far different picture.
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