Each year, the Daily Business Review (“DBR“) releases a survey of managing partners in South Florida’s largest and most prestigious law firms. This year’s annual survey, which was released on October 22, shows that law firms are cautiously optimistic about the economy and its impact on firm business. The survey shows that law firms are handling more corporate deals than in the years immediately following the 2008 economic slump; real estate and banking practices have also increased in 2012. In addition, many law firms reported an increase in gross revenue and profit per partner. However, the survey also shows that certain costs remain high for many law firms. In an interview with the DBR, WSH Managing Partner Jamie A. Cole spoke about the impact of increased health care costs on firm business. The survey also showed a strong desire for growth among various firms, and highlighted new mergers between boutique firms and larger establishments.
Law Firm Survey Shows Managing Partners Optimistic, But Pragmatic, About Future
