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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.