For U.S. law firms, 2018 stands as one of the strongest years in recent memory, with 5.5 percent revenue growth in the first half and equal or greater growth expected for the second half when all is said and done, according to Citi Private Bank Law Firm Group.
Some will assume that the industry’s marquee names are the beneficiaries of the remarkable results, and there is some truth to that, as the surge is concentrated within the Am Law 100. But firms in the tiers below have also enjoyed noticeable growth, in some cases outpacing the results claimed by the industry’s leaders.
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