The ongoing U.S. law firm reporting season shows a positive trend in the overall market strength. Increases in both revenue and average equity partner profits (PEP) for 2023 have been announced by several of the largest international law firms. These include Akin Gump Strauss Hauer & Fled, Hogan Lovells, Milbank, Quinn Emanuel Urquhart & Sullivan, and Paul Weiss Rifkind Wharton & Garrison.
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