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Law firms never talk about financial performance – here’s why they should | Julius Melnitzer

Wednesday, March 29, 2017 @ 9:13 AM | By Julius Melnitzer

When it comes to revealing financial results, Canadian law firms continue to envelop themselves in the tightest cocoon possible.

Unlike many American and British firms, our homegrown firms, the ones whom the global behemoths have not absorbed and who have most of their lawyers in Canada — including heavyweights like Blake, Cassels & Graydon; Borden Ladner Gervais; Goodmans; Osler, Hoskin & Harcourt; Stikeman Elliott; and Torys — are downright squeamish about anything to do with their financial performance, be it revenue, profits, or profits per equity...