Boom Times For Law Firms Aren't Returning Soon, Study Says

Law360, New York (January 14, 2013, 3:38 PM EST) -- Law firms hoping that industry growth will revert to pre-recession boom levels should anticipate that currently sluggish growth trends will continue into the foreseeable future, and adjust their growth and revenue strategies accordingly, Citi Private Bank and Hildebrandt Consulting LLC said Monday.

Demand for legal services remained flat through the first nine months of 2012, and while the outlook for 2013 is moderately better, data indicating that the industry's boom years of 2001-2007 were an aberration means firms must re-imagine their approaches toward obtaining longevity and...
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