Firms' Profit Forecast Improves, But Expectations Still Low

Law360, New York (November 12, 2013, 2:25 PM EST) -- An uptick in demand for legal services in the first nine months of the year, flat expenses and slightly shrinking equity headcount may ease law firms' pain over lackluster projected year-end profits, as these trends will likely help improve finances into 2014, according to a survey released Tuesday. 

U.S. law firms saw a 2.7 percent cumulative revenue jump for the first three quarters of 2013 compared to the same period last year, according to Citi Private Bank "Law Watch" Quarterly Flash report. Although that bump wasn’t enough...
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