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Expect Change In Firm Prosperity Trend In '08: Survey

Law360 (November 11, 2008, 12:00 AM EST) -- Law firms prospered in 2007, but the good times are over - at least for now - according to legal management consulting firm Altman Weil Inc., which surveys law firms on a yearly basis on issues including revenue, expenses, billing and compensation.

Altman Weil's 2008 edition of “The Survey of Law Firm Economics” - which compiled data on calendar year 2007 from 265 law firms, covering 15,953 lawyers - “showed a continuation of the trends of the past decade, including increased billing rates and increased profitability,”...
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