Large law firms showed strength in 2012

01/30/2013 | Wall Street Journal, The

Big law firms had a relatively strong year in 2012, experiencing a 5% uptick in gross revenues and a 6% increase in net income compared with the year before, according to a Wells Fargo survey. Still, it's not time to start celebrating just yet. This year will be "under the same pressure as 2012," said the national managing director of the bank's Legal Specialty Group.

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