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February 11, 2020 at 06:00 AM
1 minute read
Deputy editor-in-chief, Law.com
HIGHER - Billing rate growth of 4.5% at major law firms, the most robust since 2008, largely drove a revenue boost of 5.3% in 2019, a survey from Citi finds. And while demand increased by 1.1%, according to the report, two factors dampened revenue growth in 2019: a slight drop in realization and a longer collection cycle.
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