The Second City fared more like an also-ran in the latest report on law firm financials from Citi Private Bank, which ranked a group of Chicago-based firms among the worst-performing of 11 regions tracked by the bank through the first three quarters of 2016.
Demand for legal services through the third quarter dropped by 2.9 percent compared with the year prior, ranking next to last among all regions and far below the 0.3 percent growth seen nationally. Revenue was up 2.2 percent, compared with 3.7 percent growth nationally. That was mostly a factor of rate increases, which grew 2.1 percent through nine months.
