Good news: Demand for Litigation is Up a Strong 4.1%
Litigation demand was up a strong 4.1 percent in the first quarter. Improving performance in litigation over the two most recent quarters has significantly bolstered the overall performance of the legal profession because it represents about one‐third of billable hours in the market.
This is the key finding in the Hildebrandt Peer Monitor Economic Index. Overall demand for legal services was up 2.1 percent compared with the same period a year earlier. Demand rose for both large and mid‐size firms, according to the report. Am Law Second Hundred firms currently occupy the “sweet spot” in the law firm market.
Here's the kicker: "Firms must transition from a defensive to a strategic posture, and shift focus from extreme cost controls to achieving sustained revenue growth." This means it's time for the bean counters to step back, and for the rainmakers to step forward.
This is precisely the topic of Thursday's webinar "Business Development for Litigators" which I will present with my colleague Barry Schneider. Register now because it takes place in two days, on Thursday, May 5 at 1 PM Eastern time.
Litigation is a $21 billion market, and we'll identify the practice areas that are thriving, the industries that see the most litigation, and a personal business development plan you can carry out. Don't miss our practical, how-to webinar that will be full of business development tips.
