Law Practice Management

As Small & Midsize Firms Cut Costs By 1.8%, Revenue Drops 4%

Midsize and small law firms cut their costs by 1.8 percent last year. But that savings was offset by a 4 percent drop in revenue, according to a survey by ALM Legal Intelligence.

Average revenue per lawyer at the more than 190 firms surveyed was $414,000, reports the National Law Journal.

The ALM group is owned by the legal publication’s parent company.

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