Los Angeles, CA. Credit: Newport Coast Media/Adobe Stock Six Months Into 2022, California's Top Law Firms See Revenue Growth Wane
California firms reported a strong top line, but a hit to their bottom line as they adapt to increasing expenses, according to Wells Fargo Private Bank Legal Specialty Group's 2022 Mid-Year Check-In Survey.
August 17, 2022 at 05:05 PM
3 minute read
California law firms led the industry last year—but they may be losing momentum.
In 2021, firms built on the backbone of the tech and life sciences industries reported revenue and profit growth that outperformed all other major legal markets in the U.S. But six months into 2022, growth is slowing amid rising expenses.
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