Ukrainian Law Blog
Freedom means the supremacy of human rights everywhere
Monday, October 9, 2017
Why Your Law Firm Isn’t Anywhere Near As Profitable As You Think
By conventional measures, Big Law firms are some of the
most profitable businesses on earth
.
The average profit margin for the
Global 100
is a lofty 39 percent, according to data published this month by The American Lawyer. The highest profit margin in the group, which goes to Quinn Emanuel Urquhart & Sullivan, is almost 68 percent. That’s
more than three-and-a-half times the net margin of tech giant Apple Inc.
, and
over nine times that of Warren Buffett’s Berkshire Hathaway
, based on each company’s returns in the last quarter.
How can that be possible?
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