Lawyer Profits Rise, But Lower Demand Remains A Challenge

Law360, San Diego (February 6, 2014, 10:49 PM EST) -- A new survey showed Wednesday that law firms saw modest revenue growth and a boost in profits per equity partner last year, even with a decline in demand for law firm services, indicating that firms are regaining their footing following the recession but will have to work hard to grow their business, legal experts say.

Citi Private Bank’s Law Firm Group released its legal industry results for 2013, revealing that law firm revenue had risen 2.5 percent to outpace expense growth of 2 percent, and that...
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