Wake Up Call: Law Firm Revenues ‘Solid’ in 2019, Citi Report Says

In today’s column, DLA Piper grabbed a team of litigators with crypto and blockchain expertise from Squire Patton Boggs in Northern California. U.K. elite firm Allen & Overy became the latest Big Law firm to offer a 12-week parental leave policy; and Orrick announced double-digit revenue and PEP growth.

• Leading off, legal industry revenues grew 5.3% in 2019, which was slower than in 2018 but still “solid,” according to a new report based on a survey by Citi Private Bank. The report, citing Citi’s sample of 201 firms, including 76 Am Law 100 firms and others, says last year’s expansion ...