Poor first quarter results for US legal industry
According to The American Lawyer, there was a surge in demand and collections during the last quarter of 2012, producing a respectable 1.7 percent grwoth result for 2012, down from 3 percent the year before. But the rush at the end of last year robbed the first quarter of 2013 of a strong result: revenue growth increased just 0.2 percent in the first quarter, compared to 1.2 percent in the comparable quarter last year.
The report goes on to look at the reasons behind a 3.3 percent drop in demand for legal services, the effect of rate increases, and the correlation between greater international presence and a drop in revenue.