Report | United States Law Firm Perspective - 2016
The U.S. economy remains the anomaly among mature and emerging markets in its relative stability despite global economic uncertainty. The domestic economy has weathered a number of potential shocks throughout the first half of 2016. However, year-to-date growth in GDP, jobs and other economic indicators have been less consistent than in 2014 and 2015, with employment gains varying increasingly on a monthly basis and inflation stubbornly low due to the slump in oil and energy prices.
For the legal services industry, decelerating AmLaw 100 gross revenue, as well as profit per partner and revenue per lawyer growth, have meant that firms must not only continue to search for and improve upon revenue growth in a time of less global certainty, but also make further moves toward lowering cost.
Our 2016 Law Firm Perspective dives deep into the key trends impacting law firms across the United States and the globe, and details real estate strategies firms can implement to stay ahead.
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