Credit: Nuthawut/AdobeStock Law Firms Could Post 'One of the Strongest Years We See'
Citi's Global Wealth at Work Law Firm Group found the industry continued its momentum from the first quarter.
August 19, 2024 at 07:11 PM
4 minute read
Law Firm Profitability
What You Need to Know
- According to Citi's Global Wealth at Work Law Firm Group, demand across the industry was up 2.9%, while productivity was up 2.1% and revenue was up 11.4% during the first half of 2024.
- 'I think this will be one of the strongest years we see, in terms of law firm performance,' the Citi group's head of advisory services said in an interview.
- Law firms also notched double-digit inventory growth, the group found.
Law firms are on track to post "one of the strongest years we see" in 2024, according to a report this week, after notching demand and productivity growth as well as double-digit revenue growth during the first six months of the year.
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Related Stories
View AllLaw Firms Mentioned
Trending Stories
- 1BD Settles Thousands of Bard Hernia Mesh Lawsuits
- 2First Lawsuit Filed Alleging Contraceptive Depo-Provera Caused Brain Tumor
- 3The Law Firm Disrupted: For Big Law Names, Shorter is Sweeter
- 4The Growing Tension—And Opportunity—in Big Law Nonequity Tiers
- 5The 'Biden Effect' on Senior Attorneys: Should I Stay or Should I Go?
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
