Large California law firms came out ahead of the pack compared to national firm performance in the first half of 2023, with better revenue and net income growth and control over compensation costs, according to a new Wells Fargo report.

Firms founded in the Golden State increased revenue 5.3% in the first half of the year, compared to the national average of 4.4%, according to midyear survey results from the Wells Fargo Legal Specialty Group, which polled 130 participating firms including 20 firms based in California.

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