Law Firms Making More Money
Posted Dec 20, 2018
Two private banking groups predict significant revenue growth for law firms in 2018. Citi Private Bank found gains of 6.3% in the first three quarters of the year, and Wells Fargo reported gains of 7%. Projected growth is the highest since the recession. According to the ABA Law Journal, the upturn is the result of increased demand and higher billing rates. The largest firms and niche firms were most likely to experience gains. See William Vogeler, FindLaw; Yahoo Finance.