The market for large law firms continued to face demand headwinds in the second quarter of the year, but the largest firms continue to separate themselves from their smaller peers, according to a Thomson Reuters Peer Monitor report.
Demand across all firms slipped 0.1 percent from the same quarter last year. But there was a wide gap between Am Law 100 firms, which saw demand rise 1.1 percent, and Am Law Second Hundred firms, where demand fell 0.6 percent. So far this year, demand at Am Law 100 firms is up 1.6 percent, according to Peer Monitor, but it remains down 0.5 percent for Second Hundred firms.
