'Rebound' In Demand For Legal Services Places Southeast Among Top 3 Regions In U.S.
“All in all, I think for [surveyed firms] in the Southeast, it’s a favorable setup for a strong year,” Citi's Michael McKenney said of the grouping, which includes both Atlanta and Miami.
November 15, 2024 at 06:35 PM
4 minute read
What You Need to Know
- Law firms in the Southeast are on track for a “strong year” in 2024.
- A new survey showed increased revenue and demand increasing above the national average.
- Firms in the region were getting “strong results” in demand for their litigation and energy practices.
Law firms in the Southeast are on track for a “strong year” in 2024 as a new survey showed increased revenue and demand increasing above the national average at this year’s nine-month mark.
They also saw increased productivity despite also adding head count, which often lowers such gains, said Michael McKenney, a senior specialist with Citi Global Wealth at Work Law Firm Group Advisory Team.
Demand was up 3.4% at the nine-month mark of the year—above the national average of 3.2%—for the 22 firms in the Southeast he surveyed. As a result, the region had the third highest increase in demand in the U.S. among 11 regions nationwide—behind only Southern California and New York City, McKenney said.
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