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However also, litigation is very very profitable in the senior years due to 0 costs and tax deductions as a professional business. And tax practice is especially one due to high work and opportunity costs of not pursuing litigation with the corrupt it people.
i was under the impression that M&AAAA is the most money-making practise and people cry that they are being paid less in disputes
is disputes actually as good as corporate ( all heads ).
2. DR/ARB (Highly Profitable)
3. B&F (Highly Profitable)
4. Competition (Depends on M&A activity, only profitable at the top firms)
5. I&R (Very low margin, only profitable at the top firms)
6. Capital Markets (Very low margin, only profitable at the top firms)
7. Project Finance (Very low margin, only profitable at the top firms)
8. Indirect Tax (Very low margin, only profitable at the top firms)
9. Direct Tax (Low margin overall)
10. IP/TMT (Low margin overall)
Also what are the figures for other departments like Banking, Competition, Projects, etc