Bloomberg Law
Feb. 2, 2021, 2:09 PM

Wake Up Call: Firm Profits Rose, Headcounts Shrank in 2020

Rick Mitchell
Rick Mitchell
Freelance Correspondent

In today’s column, a fee dispute contributed to former President Trump’s recent split with his impeachment legal team, a report says; President Biden’s nominee to be the top U.S. trade lawyer is a former Big Law attorney; Shearman says it will cooperate with a new boutique formed by eight global arbitration partners who left the firm; two litigation powerhouses rejected a recruiter’s suggestion that they merge.

  • Leading off, after law firms’ profits surged close to 10% in 2020, they’re expecting strong revenue and demand growth for 2021, according to a new survey report from Wells Fargo Private Bank Legal Specialty ...

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