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Law Firms 'Shrinking Toward Profit Growth' in Midyear Survey
Law Firms 'Shrinking Toward Profit Growth' in Midyear Survey
Sep 09
|06:39 AM
Law Firms 'Shrinking Toward Profit Growth' in Midyear Survey
The 2010 midyear data reported by 187 U.S.-headquartered firms to the Law Firm Group at Citi Private Bank may best be described as "shrinking toward profit growth." During the first half of 2010, revenue was virtually flat, and demand was down slightly, compared with the same period in 2009. Inventory grew by less than 1 percent. Given that these results are being compared to a weak first half ...
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