Leaning on more mid-market M&A deals, as well as big-ticket litigation and restructuring fees, elite New York law firms recovered from a slow 2022 and, as a whole, bested the legal market in 2023. The New York group outperformed on demand, productivity and revenue percentage growth, according to Citi figures and American Lawyer’s own internal data.

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Several New York law firms last year even bested their 2021 performance during the heyday of the deal market.