Legal Business took a tour of New York for our Global 100 special and found Wall Street’s elite in a confident mood amid robust deal markets and the ongoing regulatory push.
New York, June 2015. Once the summer arrives in Manhattan, everyone wants to leave – to head upstate or to the Atlantic Coast. Anything to escape the oppressive heat. But among the city’s top-performing law firms, the mood is hot but not bothered. The nine months since Legal Business last visited the Big Apple have brought favourable conditions.
In 2014, the 20 firms in the LB100 that are predominately New York-based amassed $17.03bn at an average revenue per lawyer of $1.2m – well ahead of the Global 100 average and those of the first and second quartiles.