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De-Equitizing Partners May Not Boost Profits: Experts

Law360 (May 1, 2008, 12:00 AM EDT) -- The top 100 U.S. law firms in gross revenue reported record-high profits per partner in 2007, but a smaller percentage of partners reaped the benefits of this growth. Legal industry experts are conflicted over whether trends leading to the decline, such as implementing tiered systems and de-equitizing partners, will ultimately benefit firms.

Those firms reached revenues of $64.5 billion in 2007, an increase of 13.6% from the previous year, according to The American Lawyer's annual rankings. Revenues per lawyer grew within those firms by 6.4% to...
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