Top Dogs Get Richer As Profits Stall At Lower-Tier Firms

Law360, New York (April 26, 2013, 7:40 PM EDT) -- Profits among the top-tier U.S. law firms in 2012 showed more legal dollars flowing to a smaller number of top-end firms and an increasingly segmented legal market driven in part by stronger firm brands, according to industry experts and data compiled by The American Lawyer magazine.

While firms at the top of the legal industry overall made modest gains roughly in line with the U.S. economy's slow recovery, firm data released Thursday by the American Lawyer also showed a greater number of firms last year struggling with...
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