Firms can anticipate a rebound in transactional practices heading into 2024. "As such, we expect 2024 to be a better year than we saw in 2023," said Citi and Hilderbrandt Consulting in a new report.
December 06, 2023 at 06:00 AM
6 minute read
Editorial
Not all law firms are down on 2024. With inflation moderating and interest rate cuts anticipated, many law firms believe they are well-positioned for a rebound in transactional work and a “better year’” overall next year, according to a new report this week.
“It’s likely that most firms will see growth in revenue and profitability in 2023, outperforming 2022,” according to a 2024 Client Advisory from Hildebrandt Consulting and Citi’s Global Wealth at Work Law Firm Group, published Wednesday.
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