Law Practice
Aug. 16, 2014
Report: Law firms see increase in demand, revenue
Revenue growth exceeded the rate of expense growth at U.S. law firms in the first half of 2014 due to increased demand and hourly billing rates, as well as steady inventory, according to a recent report.
Daily Journal Staff Writer
Increased demand for legal services, higher hourly billing rates and steady inventory bolstered revenue at U.S. law firms during the first half of the year, a recent report shows.
In fact, revenue growth exceeded the rate of expense growth, according to the study released Thursday by Citi Private Bank.
The findings also showed that productivity increased as total lawyer hours rose, while hea...
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