US Legal Industry Saw Best Growth In Nearly 10 Years

By Sam Reisman (December 11, 2018, 6:02 PM EST) -- This year has been the U.S. legal industry's best for growth in nearly 10 years, with firms at the large and small ends of the scale reaping the vast share of the rewards, according to a report released Tuesday.

According to the 2019 Client Advisory report, published by Citi Private Bank Law Firm Group and Hildebrandt Consulting, revenues during the first nine months of 2018 grew on average by 6.3 percent, due to hikes in billing rates and, to a smaller degree, demand growth.

"Overall, average demand across the AmLaw 50 rose by 3.3 percent during the first nine months of...

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