The Global 100 2010:
Technically, it may not have been a depression, but it sometimes felt like one. As a group, leading firms showed across-the-board declines in gross revenue, profits, and productivity (as measured by revenue per lawyer) from 2007 to 2009, according to a compound growth rate (CAGR) analysis. Some managing partners seized the opportunity to strategically reshape their practice mix. A few attempted a more radical reshaping, pulling off transcontinental mergers. But for most, it was a challenging year.
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