Wells Fargo Reveals Law Firm Profits Are Down Amid Rising Costs
New data from Wells Fargo’s Legal Specialty Group in the first half of 2022 has found that easing client demand amid rising costs is leaving newly hired lawyers with a lack of work.
In 2021, a boom in corporate work prompted firms to build up their attorney numbers, with lawyer headcount increasing by over 5% year-over-year among the 120 large,…
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