Kara Scannell for today’s edition of the Wall Street Journal provides this: “Revenues at Law Firms Rise 8.5%, Aided by Diversification and Cuts.” The article reports on the American Lawyer magazine‘s annual survey which found that “gross revenues at the 100 biggest law firms rose 8.5% to $38 billion in 2002, helped by diversified-practice groups, cost cutting and higher billing rates.” Does anyone else find it disturbing that when economic times are tough, law firms raise their billing rates? . . .
WSJ Reports on Law Firm Revenues
Kara Scannell for today's edition of the Wall Street Journal provides this: "Revenues at Law Firms Rise 8.5%, Aided by Diversification and Cuts." The article reports on the American Lawyer magazine's annual survey which found that "gross revenues at the…