Dan Dipietro

May 01, 2009 | National Law Journal

Early financial data suggests a grim 2009 for law firms, according to Dan diPietro of Citi Private Bank's Law Firm Group. But diPetro says firm leaders have the chance to fix a broken business model — a business model that relies too heavily on leverage and billing rate increases to drive profit growth, thumbs its nose at the concept of pay for performance, especially at the associate level, and assumes clients will continue to accept the billable-hour model.

By Dan DiPietro

6 minute read

August 21, 2008 | National Law Journal

Preliminary financial information for 2008 suggests this will be the worst year for law firms since 2001, and perhaps since the early '90s, writes Dan DiPietro, client head of the Law Firm Group at Citi Private Bank. And the data for the first half of 2008 — gathered from 75 Am Law 100 firms, 55 Second Hundred firms and 35 smaller firms — shows that top-tier and international firms have been hardest hit. How can firms manage the slump? DiPietro offers some ideas, starting with associate bonuses.

By Dan DiPietro

12 minute read

January 02, 2012 | The American Lawyer

Demand slowed in third-quarter 2011, perhaps presaging a rough patch in early 2012.

By Dan DiPietro and Gretta Rusanow

8 minute read

February 08, 2013 | Daily Report Online

The early 2012 results are in: Law firm profits increased by 4.3 percent in 2012, in line with Citi Private Bank's full-year 2012 forecast.

By Dan DiPietro and Gretta Rusanow

5 minute read

September 10, 2010 | The Legal Intelligencer

Looking at the 2010 midyear data reported to the Law Firm Group at Citi Private Bank by 187 U.S.-headquartered firms in our latest survey, we can best describe the results as "shrinking toward profit growth."

By Dan DiPietro and Gretta Rusanow

4 minute read

May 01, 2010 | The American Lawyer

Now, as never before, big firms must find a way to stand out from the competition.

By Dan DiPietro

8 minute read

September 08, 2010 | The American Lawyer

In the first half of 2010, revenue was virtually flat, and demand was down slightly, compared with the same period in 2009. Inventory grew by less than 1 percent--hardly a robust rebound. Citi's latest numbers suggest demand for legal services will remain weak--while competition heats up.

By Dan DiPietro and Gretta Rusanow

8 minute read

May 01, 2009 | The American Lawyer

Early financial data suggests a grim 2009. It's the perfect time for firms to fix their business model--if they have the courage.

By Dan DiPietro

6 minute read

August 22, 2008 | The Legal Intelligencer

Since 2001, the legal industry has been characterized by double-digit profit growth, strong demand, solid productivity and controlled expense growth. That all started to change in the second half of 2007, and now, the first half of 2008 looks very different from the previous six years.

By Dan DiPietro

13 minute read

August 21, 2008 | The American Lawyer

Preliminary financial information for 2008 suggests this will be a tough year for law firms, writes Dan DiPietro, client head of the Law Firm Group at Citi Private Bank. And the data for the first half of 2008 -- gathered from 75 Am Law 100 firms, 55 Second Hundred firms and 35 smaller firms -- shows that top-tier and international firms have been hardest hit. How can firms manage the slump? DiPietro offers some ideas, starting with associate bonuses.

By Dan DiPietro

12 minute read