A 2015 Client Advisory issued by Citi Private Bank and Hildebrandt Consulting detailing the state of the legal industry finds that large law firms are in a better position to hope for steady revenue growth from 2014 into next year.
The report predicts that demand for legal services will continue to maintain at stronger levels than they were in 2013. But the report also points out that growth could be thinned by an increased amount of legal work being outsourced to nontraditional players in the legal market, such as accounting firms, a development detailed by The American Lawyer this summer.
