2011 Profitability First Report

For a First Report on 2011, Hoffman Alvary polled major US law firms on their 2011 earnings, revenues and outlooks for 2012.  Firms with the highest historical profits posted the largest earnings and revenue growth, but interestingly also reported the most conservative forecasts.  Firms earning over $1.4M per equity partner enjoyed a median 5.6% increase in average equity partner profits since 2010, compared with only a 2.0% rise for firms earning $500K – $800K.  This divergence illustrates the continuing impact of the market’s uneven recovery as well as some longer term shifts in work.

The Hoffman Alvary 2011 Profitability First Report was referenced in an article in the Wall Street Journal on January 20, 2012.

For more information, please contact the Principals of the Law Firm Consulting Practice:

• Paula Alvary
• Cara Rhodes
• Brian Dies
• Marie Lefton
• Scott Golin

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