The legal industry has been cruising along a bit better than expected this year boosted by an uptick in billing rates and the performance of some countercyclical practices. But as my colleague Andrew Maloney reports, a new survey of law firm leaders by the consultants at Withum Smith+Brown shows that some firms and their clients are "less bullish" headed into 2024 than they were coming into this year. Here's Andrew's summary of the survey released last month:

A little over half (57%) of managing partners and C-suite leaders in U.S. law firms, from the Am Law 100 and beyond, said they expect a moderate increase in revenue per lawyer over the next 12 months, according to the Withum report, published in November. A similar percentage (58%) said they expect a moderate increase in profits per partner.