Citi Report: Firms Saw Modest Growth in 2013
With inventory up 2.4 percent, driven by growth in unbilled time and positive demand momentum, we project PPEP growth at around 5 percent for 2014. For those who embrace this changed market and remain thoughtful about their growth strategy and rigorous in their approach to the efficient delivery of legal services, 2014 should be much more promising than 2013.
Gretta Rusanow is senior client adviser and Dan DiPietro is chairman, Citi Private Bank Law Firm Group. John Wilmouth, senior client adviser, and Andrew Godwin, lead analyst, Citi Private Bank Law Firm Group, contributed to this article.