Analysis

Firms Are Facing A Cash Crunch As Demand Falters

Law360, Grand Rapids (December 7, 2017, 10:41 AM EST) -- Some law firms are feeling a squeeze on the cash they have available for investments in the future as demand for firms' services remains sluggish and partners continue to expect ever-rising profit payouts.

A decline in cash capital among the second hundred largest law firms in the U.S. by revenue between 2015 and 2016 reflects a similar decline in demand among those same law firms, according to data from Wells Fargo. But pundits say that while midsize law firms are being hit hardest, there are firms...
To view the full article, register now.