The 20 largest law firms in New Jersey showed almost no growth last year. - gwc
Large N.J. Firms Sluggish in Revenue, Profits | New Jersey Law Journal:
by Ron Fleury
"New Jersey's bellwether firms continued in 2013 the retrenchment that began a year earlier, as revenues stayed virtually flat while profits abated slightly. Firms held back on new hires and kept equity partnership ranks tight, in some cases thinning the herd. In so doing, they guarded against higher overhead and stretched profits but also made a decision—perhaps a calculated one—not to grow. It was the second straight year that New Jersey's top-grossing firms drew back from the rebound they had enjoyed after the doldrums of the 2008-09 recession."
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