7 years ago
1
Peer Monitor Index Slumps in Second Quarter/Demand for Legal Services Drops for First Time Since 2013
After an encouraging first quarter, the (legal) market was blindsided in the second quarter. A drop in demand across nearly all practices took the lift out from under the market’s wings. A slight increase in worked rates was not nearly enough to make up for the shortfall in demand. Meanwhile, rising headcount and overhead expenses, and falling productivity added up to a near-perfect storm .
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