Credit: vepar5/Adobe StockSouthern California Law Firms Boast Industry-Leading Revenue, Demand Through Q3
In addition to Southern California firms' “really, really strong growth in revenue” through the first nine months of the year, Citi senior client specialist Gloria Gomez-O’Rourke said the region is “outperforming most regions in almost all categories.”
November 22, 2024 at 02:32 PM
5 minute read
What You Need to Know
- Citi's Global Wealth at Work Law Firm Group found Southern California law firms' revenue up 16% in first nine months of the year.
- In Northern California, law firm revenue was up 8.7%.
- More work for SoCal law firms means longer collection cycles, which were up 2.2% annually, Citi found.
The Southern California legal market outpaced all others in demand for legal services in the past year, as firms in the region saw revenue grow by double digits amid a slightly lengthened collections cycle, according to the Citi Global Wealth at Work Law Firm Group’s Q3 report.
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