Law Firms Beat The Odds With 5.3% 1st-Half Revenue Growth

Law360 (September 9, 2019, 8:21 PM EDT) -- The U.S. legal industry experienced some improvements during the first half of 2019, even as the wider economy was battered by market volatility, predictions of an economic downturn, trade disputes and other geopolitical headwinds, according to a report out Monday by Wells Fargo.

Just under half — 48.1% — of the 132 law firms surveyed by Wells Fargo Private Bank’s legal specialty group reported increasing their revenue by more than 5% between the first half of 2018 and the first half of 2019. Attorney head count grew during the first half of the year as well, by 4.2% on average.

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