Bloomberg Law
Nov. 15, 2021, 9:58 PM

Law Firm Revenue Shoots Up in Booming First Nine Months of 2021

Elizabeth Olson
Elizabeth Olson
Special Correspondent

Law firms of varied sizes saw revenue and demand increase in the first nine months of this year, with the largest players seeing the biggest gains, according to a Wells Fargo survey.

Law firms responding to the survey reported a 14.3% average jump in revenue, the bank said Monday. That’s more than double the 5.7% increase reported in 2020 and the 6.3% uptick in 2019, said Joe Mendola, senior director of sales for Wells Fargo Private Bank Legal Specialty Group.

“Firms continue to benefit from this ‘best of all worlds’ environment with almost everything going right: growth in demand, rates, ...

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