Dallas, Texas. Credit: Sean Pavone/Adobe Stock Q1 Results Suggest Texas Law Firms On Track for a Strong 2024
With revenue growth accelerating, homegrown Texas firms, which have a good handle on managing expenses, are on track for a strong 2024, according to regional findings in a Citi Q1 Flash Report.
May 15, 2024 at 06:40 PM
4 minute read
Law Firm Profitability
What You Need to Know
- Homegrown Texas firms are likely to finish out 2024 strong, according to financial indicators in the Q1 Flash Report from Citi's Global Wealth at Work Law Firm Group.
- Growth of regular revenue is accelerating, and Texas firms managed expenses and collections well during Q1.
- The Texas firms grew lawyer head count by 4% during Q1, giving them capacity to meet increased demand.
Homegrown Texas law firms are on track for a strong 2024, based on financial indicators from Q1, as revenue growth is accelerating and the firms are doing a better job of managing expenses and collecting money than the industry.
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