BigLaw's 2017 Profits May Suffer Due To Salary Hikes

Law360, Grand Rapids (November 13, 2017, 3:38 PM EST) -- Law firms may be on course to have a down year, according to the results of a survey published Monday, with financial results for the first three quarters of the year revealing a slowdown in revenue growth and an uptick in expenses across the industry due to recent associate salary hikes.

Revenue increased by 3.6 percent between 2016 and 2017 when comparing the first three quarters, or nine months, of the year, while it ticked up 3.7 percent the year before over 2015, according to the...
To view the full article, register now.