Credit: Nuthawut/Adobe StockFirms Saw Slight Declines From Last Year, but Merger Interest Remains High, Managing Partner Survey Reveals
All together, the bottom line saw more sluggish growth this year than last, according to the survey, with nearly 39% saying they saw growth in net profits and 28% saying they saw a decrease.
December 30, 2024 at 04:21 PM
6 minute read
Although Pennsylvania firms may not be reporting the huge surge in revenue that top-tier Big Law saw during 2024, results from our annual Managing Partner Survey show that, in the aggregate, law firms in the Keystone State had a steady year for their bottom lines, thanks to slowing cost pressures, largely stable revenues and an increase in layoffs.
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