Poor Outlook for Big Law Firm Profits in 2012

In an InsideCounsel article written by Cathleen Flahardy entitled Study says Biglaw Profits Look “Grim” for 2012, Wells Fargo’s Legal Specialty Group surveyed 115 law firms to measure their performance in the first half of 2012.  According to Jeff Grossman, the group’s national managing director, the results were not good, and he expects them to get worse. “We think the second half of the year is going to be softer than the first half,” he reported.

According to the report, law firm revenue growth between January and June was lower than their costs. While revenues grew at about a pace of 3 percent, costs were up by 6.5 percent.


Our motto is "When Lawyers Compete You Win!" If you are a consumer in need of legal services, you can post your case anonymously and Free of Charge. If you are an attorney seeking new clients, you may register on the site for free. You will only pay when a client requests that you contact them to discuss their case.

Leave a Reply

Your email address will not be published. Required fields are marked *


8 × eight =

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>