Bloomberg Law
Nov. 29, 2016, 11:08 PM UTC

Financial Check-In: Here’s the State of the Legal Industry

Gabe Friedman
Freelancer

On Tuesday, Wells Fargo Private Bank’s Specialty Group released a report on how law firms performed in the first nine months of 2016.

Like a check up from the doctor, no matter how good things look, there’s always some concern lurking in the background.

This year, the rates attorneys charge increased 3.6 percent and on average attorneys said they expect them to increase another 4.4 percent the following year. And overall, there was 4 percent growth in revenue for the industry.

But in what have become common trends, repeated over and over, the survey found disparities between elite and non-elite firms:


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