Law firm revenue grew nearly 12% through three quarters compared with last year, driven by strong demand for lawyers’ time and a productivity boost, according to Citi’s law firm banking group.
The largest law firms posted the biggest gains, continuing a trend. Top lines at the 50 largest law firms grew 14% through three quarters, demand at those firms grew 3.6%, and productivity rose 2.9%.
“It’s going to be one of the strongest years on record,” Gretta Rusanow, managing director and head of advisory services at Citi Law Firm Group, said in an interview. “There is a lot of good ...
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