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New reports from Thomson Reuters and Citi Private Bank both found softening demand and growing expenses in the first quarter of 2019.
May 14, 2019 at 05:00 AM
1 minute read
The original version of this story was published on The American Lawyer
After a high-flying 2018, two snapshots of the first quarter of 2019 should give law firms pause.
The Thomson Reuters’ Peer Monitor Index found that demand and productivity had stalled in the first four months of 2019, while higher associate salaries contributed to surging expenses. But large firms both inside and outside of the Am Law 50 saw growth in another area: billing rates.
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