BigLaw Profits Projected To Jump 5% In 2014

Law360, New York (January 13, 2014, 6:23 PM EST) -- Law firms leader should have something to look forward to this year as an improving world economy drives more transactional and merger work, pushing up overall industry profits by 5 percent, according to a Monday report from Citi Private Bank's Law Firm Group and Hildebrandt Consulting.

Following upward firm revenue of 2.7 percent through the first three quarters of last year, macroeconomic trends going forward should help further buoy firm profits in 2014, the report said, with factors like more European and Asia-based business activity supporting...
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