http://ow.ly/69jKv
Article by Debra Cassens Weiss posted on ABA Journal Law News Now.
This article refers to American Lawyer Magazine, and states that half of the nations top 100 AM Law firms might be overstating profits per partner. As the article states, "An analysis by Citi Private Bank Law Firm Group reportedly found that 22 percent of the top 50 firms overstated profits per partner by more than 20 percent in 2010, the newspaper says. Another 16 percent inflated partner profits by 10 to 20 percent, and 15 percent boosted partner profits by 5 percent to 10 percent.
Citigroup disclosed its figures in a briefing this month attended by law firm leaders, but it did not confirm the findings when contacted by the newspaper. The Wall Street Journal relied on a source briefed on the findings for its report."
Citigroup disclosed its figures in a briefing this month attended by law firm leaders, but it did not confirm the findings when contacted by the newspaper. The Wall Street Journal relied on a source briefed on the findings for its report."
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