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 of a roller coaster ride, according to the folks at Citi Private Bank’s Law Firm Group. They compared law firm managers’ predictions about what would happen in the second half of 2016 with what actually happened — and noted where the two didn’t match up.

A note about ...