Demand And Revenue Is Also Up.
Citi Private Bank Law Firm Group's Q1 2018 Quarterly Flash Report, which provides an overview of current financial trends in the legal industry, based on data collected through our Quarterly Flash survey of 179 law firms (80 Am Law 100 firms, 47 Second Hundred firms and 52 niche/boutique firms), has found that demand, revenue, and billing rates are up for the first quarter of 2018. Specifically, it found that results from responding firms showed that billing rates rose 4.8%.