After Unanticipated Slow Start of Year, Law Firms Are Left Waiting For M&A Rebound
Southeast firms surveyed by Citi reported revenue and demand gains in the first half of 2024 as expenses also soared.
September 09, 2024 at 03:41 PM
3 minute read
Business of LawWhat You Need to Know
- The first half of the year proved slow for transactions, but that didn't stop Southeast firms from reporting higher revenue.
- The Southeast saw the fourth highest revenue gains of any region surveyed by Citi in a midyear report.
- Although transactions slowed overall, deals in the middle market helped firms stay afloat.
In the first half of the year Southeast-based law firms reported a 10.4% revenue boost even as transactional activity remained muted, according to a report from Citi.
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