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Perspectives

Law Firm Leaders Confidence Index 2H 2018

By Citi Private Bank,

July 13, 2018Posted InLaw Firm Group

We are pleased to announce the release of Citi Private Bank's Law Firm Leaders Confidence Index Survey 2H 2018, which captures the outlook of law firm leaders on the economy and their law firms. 

Key findings include:

  • Confidence in the US and global economies has waned slightly
  • Despite this, law firm leaders' confidence in demand growth at their own firms remains strong
  • Continued expected abatement of realization pressure contributed to higher confidence levels in revenue growth
  • Law firm leaders also projected this additional revenue growth to translate into increased growth in net income
  • Growth levels in both equity partner and associate headcount moderated from the first half of 2018, but firms still expect to add headcount to all lawyer categories

The Law Firm Leaders Confidence Index survey was conducted in April 2018 and captures the outlook for the second half of 2018, based on responses from Managing Partners, Chairs, Executive Directors, COOs and CFOs of 156 law firms (34 Am Law 50, 31 Am Law 51-100, 45 Am Law 2nd 100, 46 niche/smaller).

For more information about Citi Private Bank's Law Firm Leaders Confidence Index Survey, please contact us.