Large Firms
Aug. 27, 2011
Accuracy of law firm profits questioned
Does it matter if law firms are misrepresenting their financial performance? By Edwin B. Reeser
Dear reader: An incomplete version of this column appeared in yesterday's print editions. The Daily Journal regrets the error.
The law industry is a huge one, with an estimated $100 billion in annual gross revenue. Firms like Baker & Mackenzie, Skadden, Arps, Slate, Meagher & Flom LLP, and DLA Piper each hover around $2 billion in annual revenue, and the top 57 firms all have revenues exceeding $500 million annually. ...
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