Profits per partner are forecast to increase by 2.3 per cent . The 115 firms polled include 65 from the country's top 200. More law firms are pruning out partners seen as being unproductive, according to Wells Fargo. Mary Ashenbrenner, a director in the bank's special legal group, said: 'I can tell when I look at the net income numbers that they dealt with this issue. If revenue was up by 6 percent, they wouldn’t need to do this. But I am pleased to see these leaders prudently and efficiently managing their firms.' Source: Philadelphia Business Journal
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