Wells Fargo: California, Pacific Northwest Firms Lead Growth in 2018
Big firms in California and the Pacific Northwest were industry leaders in revenue and net income growth last year, according to a recent Wells Fargo survey.
February 11, 2019 at 03:23 PM
4 minute read
Law firms in California and the Pacific Northwest flourished last year thanks to strong demand, reporting the highest 2018 revenue growth among nine regions surveyed in a recent report.
According to a year-end check-in survey conducted by the Wells Fargo Legal Specialty Group, law firms based in Northern California and the Pacific Northwest experienced revenue growth of 7.4 percent from 2017 to 2018. Following close behind, Southern California law firms saw revenue growth of 7 percent, said Wells Fargo Legal Specialty Group senior director of sales Joe Mendola, which was second highest among the regions surveyed.
Both groups of firms exceeded industrywide growth of 5.9 percent, said Mendola.
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