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Revenue Growth

Data from 179 large law firms revealed an average profit growth of 4.3% and 3.6% last year, according to a report card from Citi Private Bank.

An earlier report from Wells Fargo Private Bank showed a nearly 6% profit growth and 5% revenue growth, the Wall Street Journal reports.

Despite improved demand in the fourth quarter, many firms are concerned about a return to levels seen in the first nine months of 2012. The report also noted a continued drop in lawyer productivity.

Subscribers to the Wall Street Journal can read the full article on the site’s law blog here.

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Last modified on Sunday, 19 May 2013
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