The legal industry is projected to come out of 2020 in relatively good shape, with mid-single-digit revenue growth, according to a new report from Citi Private Bank Law Firm Group and Hildebrandt Consulting.
And with the benefit of reduced expenses, projected net income and profit per equity partner growth could be even higher: in the mid-to-high single digits by year’s end, the report found. Overall, it projected a positive outlook in 2021 for firms with strong brands and diverse practice areas.
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