This article appeared in Accounting and Financial Planning for Law Firms, an ALM/Law Journal Newsletters publication covering all financial aspects of managing law firms, including: building a law firm budget; rates and rate arrangements with clients; coordinating benefits for law firm partners; and the newest strategies to grow your firm and your career.

Over the past several months, the following headlines have appeared in the legal press:

  • “Demand for attorney services has declined for the third consecutive quarter”
  • “RPL grew at a 1.5% increase YoY from 2016 to 2017 in the AmLaw 100”
  • “37% of General Counsel plan to expand their in-house legal staff in 2018”