Law Firms Are More Profitable Than Ever. How are They Doing It?

<b><i>Given the Obstacles Law Firms Are Facing, Profitability Shouldn't Be Increasing</b></i><p>Rising competition from alternative service providers and the ever-forward march of technology adoption should be having a similar, negative, effect on profitability. This raises an obvious question — how are law firms doing it?

11 minute readNovember 01, 2018 at 12:03 AM
By
Nicholas Bruch
Law Firms Are More Profitable Than Ever. How are They Doing It?

Law firm profitability is at a record high. The average equity partner, at an Am Law 200 firm, received $1.8 million in profit sharing compensation last year. This is higher

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