Law firms continue to raise their rates, which helped offset a drop in demand for legal services that appears to be worsening, according to a report released Monday by Thomson Reuters’ Peer Monitor.
Demand fell by an average of 1.1 percent in the third quarter of 2016 after falling 0.9 percent in the second quarter, the report said. The decline in demand over the last six months comes after more than two years of steadily increasing demand, according to Peer Monitor.
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