This report on financial performance in the legal industry was prepared by Citi Private Bank’s Law Firm Group.

Our earlier prediction that the industry would face a challenging second half this year was borne out in the nine-month results, as demand growth slowed during the third quarter, the opposite of the upward momentum we saw during the same period in 2014. With the slowdown in demand growth, revenue growth through the first nine months lagging the same period of 2014 and the higher expense growth we’ve seen so far this year, we expect 2015 revenue and profit growth to fall short of last year.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

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]