Citi Report: Firms Saw Modest Growth in 2013

, The Am Law Daily

Citi Private Bank Law Firm Group's year-end report finds that the legal industry's profits per equity partner rose by 3.5 percent, just shy of 2012's 4.3 percent increase. Meanwhile, gross revenue inched up 2.5 percent, largely driven by an average 3.7 increase in hourly rates.