Bloomberg Law
May 13, 2019, 5:46 PM UTCUpdated: May 13, 2019, 9:19 PM UTC

Legal Services Demand Drops in First Quarter of 2019 (1)

Elizabeth Olson
Elizabeth Olson
Special Correspondent

Demand for legal services dropped in the first three months of 2019, and growth of expenses outstripped revenue growth, according to a new survey.

Citi Private Bank Law Firm Group Advisory Services’ flash survey for the first quarter of the year found billing rate increases were strong and were the main driver of revenue growth even as demand declined.

The results contrasted with the more bubbly results for 2018, where law firms enjoyed the largest boost in business since the post-recession period of 2010 through 2017. Demand was up 2.3 percent last year, and down .3 percent in the first ...

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