Big Law has still taken hits in demand in the last few months. But the picture has improved since the early summer, and many firms are positioned to be “more profitable than ever,” according to a new report.
Demand for legal services fell by 2.4% during the third quarter, compared with the same time period last year, according to the latest report from Thomson Reuters Peer Monitor Index, released Monday. That’s still better than the 5.9% drop in the second quarter—the largest drop in year-over-year quarterly demand since 2009.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]