Tag Archives: Citi Private Bank

Photographer: Buddhika Weerasinghe/Bloomberg

Law Firm Leaders Struggle to See the Market: Report

Law Firm Leaders Struggle to See the Market: Report

For the past few years, reports on the market for legal services have felt a bit like ‘Groundhog Day’, in that the same trends repeat themselves over and over — flat-to-slow growth in demand, continued pricing pressure and declining realization rates, etc. etc. But that’s a journalist’s perspective, and it turns out that law firm managers experience more

Inside The London Stock Exchange. Photo by Chris Ratcliffe/Bloomberg

Burford Raises $144M on London Stock Exchange

The litigation finance shop Burford Capital announced on Tuesday that it had raised 100 million pounds, or the equivalent of $144 million U.S. dollars, on the London Stock Exchange, which will take its cumulative investment under management to about $1 billion. Burford CEO Chris Bogart said the company’s U.K. subsidiary raised the capital through a bond offering


U.S. Firms Keeping Debt Levels Low, Citi Says

U.K. law firms are borrowing at record levels, the Financial Times reported this week, citing research from a finance provider. The report raises the question: Are U.S.-based firms also wading into financing after years of cutting back? According to data from the Citi Private Bank Law Firm Group, while U.S.-based law firms did increase their borrowing slightly in


Citi Survey: Law Firm MPs Less Confident About Economy

Law firm managing partners expressed confidence in their own firms, but their overall confidence in the economy and the market for legal services dropped slightly in the first quarter of 2015, according to a survey released on Tuesday by the Citi Private Bank Law Firm Group. Seventy-two law firms, including 46 firms in the AmLaw 200, four


Wake Up Call: To a ‘Jarring’ Extent, McGraw Hill GC Takes Point

Below is a list of today’s top law firm news and the developments affecting your peers: Lucy Fato, Executive Vice President and General Counsel of McGraw Hill Financial, says it may be “a bit jarring for some people” to see her take such a lead role in settlement discussions – often times stepping out ahead of


Growing Revenue Matters More Than Managing Expenses

Editor’s Note: The author of this post works for Citi Private Bank Law Firm Group.  By Gretta Rusanow, Senior Client Advisor, Citi Private Bank Law Firm Group With the ever increasing pressure on law firm pricing, where does the biggest opportunity lie for firms to improve profitability – focusing on revenue growth or doubling down on


Is Law Firm Business Back And Booming?

Photo by DieselDeamon (Flickr/ Creative Commons) Good news about the U.S. law firm industry has been hard to come by over the past six years. Financial pressures have imploded established firms like Dewey & LeBoeuf and headlines have been grim about the state of the legal market, like the New Republic feature: “The Last Days


Does Culture Matter at Law Firms?

Photo by Riley Kaminer (Flickr/ Creative Commons) By Dan DiPietro, Chair of Citi Private Bank’s Law Firm Group My unwavering answer: yes – in good times, in volatile times and in bad times. Culture matters. Recently, I spoke at a Penn Law School symposium entitled “The Business of (Big) Law.” A number of managing partners


Lateral Influence In Law Firm Finance: The Winston Story

Photo by Simon Cunningham (Creative Commons/ Flickr) The fate of a law firm can hinge on a high stakes game that most lawyers have come to accept as ordinary course of business: poaching partners from one another’s ranks. That is evident by looking at Chicago-founded Winston & Strawn, an international firm comprised of large groups