John Wilmouth

February 10, 2019 | The American Lawyer

Law firms were able to grow revenue more than expenses despite a big rise in the cost of associate salaries.

By John Wilmouth and Gretta Rusanow

11 minute read

August 19, 2018 | The American Lawyer

Revenue growth of 5.5 percent in the first half of 2018 was the highest since 2007, and the outlook going forward remains positive.

By John Wilmouth and Gretta Rusanow

8 minute read

February 07, 2018 | The American Lawyer

Increased demand led to a strong 2017, but expense growth and a lengthened collection cycle tempered profit growth. Strong inventory at year's end bodes well for the start of 2018, Citi Private Bank Law Firm Group's FY 2017 survey of law firms found.

By John Wilmouth and Gretta Rusanow

9 minute read

November 13, 2017 | The American Lawyer

Legal industry results through the first nine months of 2017 suggest this year will fall short of 2016's financial performance.

By John Wilmouth and Gretta Rusanow

10 minute read

May 13, 2016 | Law.com

The latest quarterly study by Citi Private Bank's Law Firm Group found that most firms more than weathered the tough market conditions that have dominated early 2016.

By David Altuna and John Wilmouth, Citi Private Bank Law Firm Group

12 minute read

August 13, 2015 | Law.com

Revenue growth in the legal industry accelerated in the second quarter of the year, according to Citi Private Bank's Law Firm Group. But a slow start to the year and pressure from expenses prompted a downward revision for overall 2015 performance.

By John Wilmouth

7 minute read

August 13, 2015 | The American Lawyer

Revenue growth in the legal industry accelerated in the second quarter of the year, according to Citi Private Bank's Law Firm Group. But a slow start to the year and pressure from expenses prompted a downward revision for overall 2015 performance.

By John Wilmouth

7 minute read

February 11, 2015 | The American Lawyer

Stronger industry performance in 2014 caused bigger smiles at more firms than in 2013. Net income and profits per equity partner were up 6 percent and 5.7 percent, respectively, compared with 3.2 percent and 3.5 percent in 2013. In fact, profitability performance was the strongest since 2010, especially among firms with significant transactional practices.

By John Wilmouth

7 minute read

February 11, 2015 | The American Lawyer

Stronger industry performance in 2014 caused bigger smiles at more firms than in 2013. Net income and profits per equity partner were up 6 percent and 5.7 percent, respectively, compared with 3.2 percent and 3.5 percent in 2013. In fact, profitability performance was the strongest since 2010, especially among firms with significant transactional practices.

By John Wilmouth

7 minute read

August 13, 2014 | The American Lawyer

While demand growth slowed slightly, rates grew at modestly higher levels compared with the first three months of the year, according to a report by Citi Private Bank's Law Firm Group. Expense growth picked up but revenue gains remained higher, suggesting full-year profit margin growth.

By John Wilmouth

7 minute read