The legal economy got off to a slow start this year. Clients spent 4.8 percent less in fees and paid for 8.8 percent fewer hours in the first quarter of 2014 than in Q1 of 2013. Smaller firms—those outside The Am Law 200—were hit particularly hard, showing 9 percent drops
In both hours purchased and fees paid during the first quarter, compared with 2013. Those are the headline results of the latest LegalView Legal Market Index, which is produced by TyMetrix, the giant electronic billing clearinghouse and data analytics and advisory company.
