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WHAT WE’RE WATCHING
GOOD TIMES - Law firms last year had the highest net income and profits per equity partner since 2007, and a strong close to 2018 has the industry positioned for a hot start to 2019. That’s the takeaway from Citi Private Bank’s latest report based on a survey of 191 law firms. Am Law 50 firms and niche firms outperformed the rest of the industry on average, and the Am Law Second 50 were not far behind, the report found. Top-line growth is anticipated in the 6 to 7 percent range this year.
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