Equity Partners, Firms Pocketed More Profit In 2012: Survey

Law360, New York (January 28, 2013, 10:11 PM EST) -- Law firm equity partners saw an average increase of profits of nearly 5 percent in a year that netted the best revenue increase for the legal industry since 2008, according to a survey released Monday by a division of Wells Fargo Private Bank.

Profits per equity partner increased some 5 percent, while firms' net income per equity partner rose almost 6 percent, according to a preliminary 2012 year-end survey of more than 100 law firms by Wells Fargo Private Bank Legal Specialty Group.

The increase represents...
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