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Perspectives

Law Firm Leaders Confidence Index 1H 2018

By Citi Private Bank,

February 20, 2018Posted InLaw Firm Group and Citi

We are pleased to announce the release of Citi Private Bank’s Law Firm Leaders Confidence Index Survey 1H 2018, which captures the outlook of law firm leaders on the economy and their law firms.

 

Key findings include:

  • While confidence in the US economy has waned, law firm leaders have become more confident in the outlook for the global economy.
  • Projected demand growth for their own firms has improved for the third consecutive report. However, they feel less confident that realization will improve, reversing the trend of growing optimism in pricing pressure abatement seen in previous reports, and contributing to the moderation in revenue growth projections.
  • Despite this moderation, law firm leaders are slightly more optimistic about net income growth, inferring that they expect less expense pressure in 2018. Meanwhile, they project strong headcount growth, particularly with regard to the equity partnership.

 

The Law Firm Leaders Confidence Index survey was conducted in October 2017 and captures the outlook for the first half of 2018, based on responses from the Managing Partners, Chairs, Executive Directors, COOs and CFOs of 154 law firms (34 Am Law 50, 31 Am Law 51-100, 43 Am Law 2nd 100, 46 niche/smaller).

 

For more information, please contact us.