Law Firm Revenues Fall Through 3rd Quarter: Survey

By James Armstrong

Law360, New York (November 20, 2009, 3:54 PM ET) -- Revenue at most U.S. law firms was down significantly this year through the end of the third quarter, according to a survey by the Wachovia Legal Specialty Group.

The study found firms' gross revenue fell 6.9 percent and their net income fell 6.1 percent through the end of September, the New York Law Journal reported Friday.

New York firms were particularly hard-hit, experiencing a 9 percent drop in revenue through the third quarter, according to the report.

Total hours by attorneys at New York firms fell...
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