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Please be advised that future verbal and written communications from the bank may be in English only. These communications may include, but are not limited to, account agreements, statements and disclosures, changes in terms or fees; or any servicing of your account.

Por favor, tenga en cuenta que es posible que las comunicaciones futuras del banco, ya sean verbales o escritas, sean únicamente en inglés. Estas comunicaciones podrían incluir, entre otras, contratos de cuentas, estados de cuenta y divulgaciones, así como cambios en términos o cargos o cualquier tipo de servicio para su cuenta.

Informamos que as futuras comunicações do banco, verbais e escritas, podem estar disponíveis apenas em inglês. Essas comunicações podem incluir, entre outras, acordos de conta, extratos de conta e divulgações, alterações aos termos ou tarifas, ou qualquer tipo de serviço pertinente à sua conta.

仅此通知,本行即日起发出的口头及书面通信可能将只提供英文版本。这些通信可能包括但不限于账户协议,账单和通知,条款或费用变更;或任何为您账户提供的服务。

Please be advised that future verbal and written communications from the bank may be in English only. These communications may include, but are not limited to, account agreements, statements and disclosures, changes in terms or fees; or any servicing of your account.

Por favor, tenga en cuenta que es posible que las comunicaciones futuras del banco, ya sean verbales o escritas, sean únicamente en inglés. Estas comunicaciones podrían incluir, entre otras, contratos de cuentas, estados de cuenta y divulgaciones, así como cambios en términos o cargos o cualquier tipo de servicio para su cuenta.

Informamos que as futuras comunicações do banco, verbais e escritas, podem estar disponíveis apenas em inglês. Essas comunicações podem incluir, entre outras, acordos de conta, extratos de conta e divulgações, alterações aos termos ou tarifas, ou qualquer tipo de serviço pertinente à sua conta.

仅此通知,本行即日起发出的口头及书面通信可能将只提供英文版本。这些通信可能包括但不限于账户协议,账单和通知,条款或费用变更;或任何为您账户提供的服务。

Law-Firm-Group-2020-Q1-Flash-Report

Perspectives

Law Firm Group's 2020 Q1 Flash Report

Gretta Rusanow

By Gretta Rusanow

Head of Advisory Services, Law Firm Group

May 26, 2020Posted InLaw Firm Group

These results are based on a sample of 187 firms (74 Am Law 100 firms, 53 Second Hundred firms and 60 niche/boutique firms). Forty of these firms fit our definition of either international (less than 25% but more than 10% of lawyers based outside the United States) or global (at least 25% of lawyers based outside the United States). Citi Private Bank provides financial services to more than 700 U.S. and U.K. law firms and more than 50,000 individual lawyers. Each quarter, the Law Firm Group confidentially surveys firms in the Am Law 100 and the Second Hundred, along with smaller firms. In addition, we conduct a more detailed annual survey and semiannually produce the Law Firm Leaders Confidence Index. These reports, together with extensive discussions with law firm leaders, provide a comprehensive overview of current financial trends in the industry, as well as forward-looking insight.

Key Findings:

2020 may have started off strong for the law firm industry, but discussing the first-quarter results in the midst of the COVID-19 pandemic feels like writing a history paper. There were a number of positive signs of what this year could have been. We saw a trifecta of strong demand, rate and revenue growth. We also saw modest expense growth—in stark contrast to the first quarter of 2019. However, as we inch toward the mid-point of the second quarter, we know that firms find themselves in a much different environment.

To read more about our findings, please refer to After a Strong First Quarter, Citi Says Firms Are Focused on Cash Flow, an article authored by Citi Private Bank’s Gretta Rusanow in The American Lawyer. 1

 

For more information about Citi Private Bank’s Quarterly Flash Reports, please contact us.  

 

 

 

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1 A free subscription may be required to access the full article.