Tag Archives: Law Firm Finances

Joe Mendola of Wells Fargo Private Bank’s Legal Specialty Group

Big Law Banker ‘Pleasantly Surprised’ By Law Firm Financials (Podcast)

Big Law Banker ‘Pleasantly Surprised’ By Law Firm Financials (Podcast)

    There’s some good news if you’re an equity partner at a large law firm. Based on the findings of a survey of firms, released by Wells Fargo Private Bank’s Legal Specialty Group, equity partners should see “healthy levels of profit” this year. However, Joe Mendola, a senior director of sales with the group, also warned that this

Photographer: Chris Ratcliffe/Bloomberg

Law Firm Revenue Up in 2017, Survey Finds

Law firm revenue rose 5.6 percent in the first six months of 2017, according to a survey released Monday by Wells Fargo Private Bank’s Legal Specialty Group. “I thought that the mid-year report would have been a little softer than what the numbers support,” said Joe Mendola, senior director of sales at Wells Fargo Private Bank,

Photographer: Scott Eells/Bloomberg

Law Firm Leaders Feeling Good About 2017

Some good news to start your Monday: For the first time since the financial crisis, a majority of law firm leaders are projecting that demand for their firm’s services will increase, according to a new survey. That data comes courtesy of Wells Fargo Private Bank’s legal specialty group, which polled 150 law firm leaders, including 65

Photographer: Patrick T. Fallon/Bloomberg

Financial Check-In: Here’s the State of the Legal Industry

On Tuesday, Wells Fargo Private Bank’s Specialty Group released a report on how law firms performed in the first nine months of 2016. Like a check up from the doctor, no matter how good things look, there’s always some concern lurking in the background. This year, the rates attorneys charge increased 3.6 percent and on average

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Bigly Expansion & Decline: Big Law Market Share By The Numbers

By the numbers, which big law firm has gained the most revenue since the recession? We decided to take a look at the largest 100 U.S. law firms and compile a data set from archived records of financial rankings in The American Lawyer. It was a fairly simple, but time-intensive process, which entailed taking the 2007 list

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TFW Dewey Execs ‘Lied’ and 16 More Quotes From Our Aric Press Podcast

The former editor of The American Lawyer, Aric Press sat down with Big Law Business for an interview for our podcast earlier this month. We talked  with Press about his career, the business of law and law firm rankings, and what he’s learned about the legal industry since becoming a consultant. Below are some highlights from the podcast.


Growing Revenue Matters More Than Managing Expenses

Editor’s Note: The author of this post works for Citi Private Bank Law Firm Group.  By Gretta Rusanow, Senior Client Advisor, Citi Private Bank Law Firm Group With the ever increasing pressure on law firm pricing, where does the biggest opportunity lie for firms to improve profitability – focusing on revenue growth or doubling down on