Your lawyer clients are doing well, for the most part

Because so many valuation practitioners work with attorneys, they stand to benefit from law firm leaders’ current positive outlook. “Overall economic performance is rebounding,” says Altman Weil Law Firms in Transition Survey 2011, “with two-thirds of all firms surveyed reporting increases in gross revenue in 2010 and nearly three quarters reporting increases in revenue per lawyer and profits per equity partner.” The number-one trend identified: “94% of law firms believe that the focus on practice efficiency is a permanent change in the profession.  Click here for the survey and highlights