Large law firms and their role in the educational continuum of lawyers.(Professional Challenges in Large Firm Practices)

From: Fordham Urban Law Journal | Date: November 1, 2005| Author: | Copyright information

The business savvy and organizational mettle of the largest law firms in the nation is formidable. The top 100 law firms in the United States grossed nearly $42 billion in fiscal year 2003. (1) Average profits per partner were recorded as $930,700, a ten percent increase from 2002. (2) Median associate base salaries in firms of 501 or more lawyers were $165,000. (3)

Large law firms are well established as legal industry leaders. These firms are pioneering the business of law as an entrepreneurial venture and creating precedent and protocol for all firms. Virtually anything ...

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