There hasn’t been much to cheer about in the legal industry in recent years—at least not from the point of view of major law firms.
But the 2014 outlook from Citi Private Bank and Hildebrandt Consulting, released on Monday, offers a little shaft of sunshine for beleaguered BigLaw after more than five years of slack demand, declining partnerproductivity and client pushback onpricing.
Despite the difficulties, most major law firms have held on through the challenging years after the economic...
