Law Firm Rates, Demand Continue Upward Climb In 2018

Law360 (May 14, 2018, 7:49 PM EDT) -- Law firm billing rate increases and demand growth were the driving factors of revenue improvement in the first quarter of 2018, according to a law firm industry report released Monday by Citi Private Bank’s law firm group.

With rates up 4.8 percent, the segment reached its highest since the first quarter of 2008. With demand up 1.3 percent, that area landed at its highest mark since the first quarter of 2016.

"We did have some expectation that would be the case because of the way last year ended," said David Altuna, client adviser in Citi Private Bank's law firm group....

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Related Sections

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!