Law firms in Washington, D.C., have had a strong start to the first half of this year, benefiting from controlling compensation expenses and strong demand for regulatory work, according to bank survey data from law firms.
The Wells Fargo Legal Specialty Group’s 2023 midyear interim check-in survey shows that on several economic indicators, D.C. firms are outperforming their counterparts in other major markets, a reversal from the same period in 2022 when Beltway firms showed the lowest average revenue performance of all regions.
