US law firm revenue drops 5 to 10 percent in 2009

December 14, 2009 US law firm revenues are expected to fall 5 to 10 percent this year, according to Citi Private Bank. .

Citi Private Bank’s Dan diPietro says, some law firms are now eliminating jobs at the partner level. DiPietro concludes that layoffs were even worse in the third quarter than the second, a claim which is questioned by legal blog Above The Law.

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