Financial Survey Finds Major Gaps Between Big, Small Firms

Law360, New York (July 29, 2013, 3:57 PM EDT) -- The financial segmentation reflected in survey results published Monday, with healthy profit growth reported by the largest partnerships and a serious decline for the smallest firms, is a sign of an uneven economic recovery that isn't fully reaching the bottom end of the market.

According to the annual Survey of Law Firm Economics conducted by ALM Legal Intelligence, revenues-per-lawyer at responding firms of 150 attorneys or more were up 8.5 percent in 2012 compared to the previous year.

Meanwhile, the smallest firms — those with nine...
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