2025 Citi Hildebrandt Client Advisory Reports Law Firm Industry Revenue Growth Driven by Increasing Demand [Yahoo! Finance]
Citigroup, Inc. (C)
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Source: Yahoo! Finance
Optimism will continue as a key theme in 2025, driven by positive momentum across M&A, corporate and transactional work NEW YORK, December 05, 2024 BUSINESS WIRE )--Citi Wealth and Hildebrandt Consulting today released their 2025 Citi Hildebrandt Client Advisory. The Advisory covers the broad landscape for the legal industry, including ways law firms are responding to market challenges and where they see the greatest opportunities for growth in the year ahead. As forecasted in last year's Client Advisory , 2024 is on track to be a stronger year than 2023. Early indications for the full-year data – based on the first nine months of 2024 – showcase strong activity levels with revenue growth up 11.9% and a 3.2% rise in law firm industry demand. Inventory was up 12.6% at the end of September, driven by 14.2% growth in accounts receivable and 11.1% growth in unbilled time. Many law firms may have worked through the aged inventory challenges they faced through 2023. As a result, firm
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