Rut-Roh: Biglaw Profits Per Equity Partner Are Down For The First Time In A While

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Chasing Dollar money poor

Ed. Note: Welcome to our daily feature Trivia Question of the Day!

According to Thomson Reuters’ 2023 Report on the State of the Legal Market, profits-per-equity partner in Biglaw firms are down for the first time since what year?

Hint: The decline is seen as a result of decreased demand — particularly in transactional practices — and increased headcount.

See the answer on the next page.

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