15 May 2014

US law firms grow at 4.3pc in Q1 2014

The latest Law Firm Watch survey from Citi Private Bank shows productivity rising at 1.1 per cent and demand rising at one per cent in the 177 legal practices included in the research.

By Neasa MacErlean

The latest Law Firm Watch survey shows productivity rising at 1.1% and demand rising at 1% in the 177 legal practices included in the research. Gajus

Productivity - measured in the numbers of hours billed by lawyers - was 3.8 per cent  in Washington DC, one of the higher performing revenues. Washington also saw 6 per cent  revenue growth and a rise of 1.6 per cent in demand. Brent Smith, a Citi director, said: ‘As a legal market, DC  has been one of the primary locations to benefit from the recovery. When we look at the practice areas that are showing the most strength, regulatory continues to be among the top. Washington is one of the locations that would benefit from that.’ Source: Washington Post

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