Free Market Evaluation - Send us your resume and we will give you free feedback
Indicted State Auditor Pays his Lawyers in Stolen Money
Indicted State Auditor Pays his Lawyers in Stolen Money
The Best Places for New Dads to Work
The Best Places for New Dads to Work
Dissolving Firm Butler & Hosch Sued by the Employees They had to Fire
Dissolving Firm Butler & Hosch Sued by the Employees They had to ...
Chinese, American Firms to Merge, Hiring Newt Gingrich and Howard Dean
Chinese, American Firms to Merge, Hiring Newt Gingrich and Howard Dean
Your profile matches an open legal position. Apply now!
Legal Job Listings
Download PDF

Law Firms Experience Growth in First Quarter of 2014 View Count: 55

A recent analysis of law firm financials in 2014 shows that a growth in demand for transactional practices is occurring, according to the Wall Street Journal.

“Through the first quarter we’ve seen strength in M&A, corporate work, real estate, tax,” said Mark Medice, Senior Director and head of Peer Monitor, a division of  Thomson Reuters.

Medice said that 70 percent of the firms looked at showed transactional growth in the first quarter of 2014. He also noted that this helped to increase overall demand.

Get JD Journal in Your Mail
Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




In the first quarter, demand for corporate work increased by 5 percent compared to the first quarter in 2013. It has also increased in three of the last four quarters. Tax work demand increased by 6.7 percent and real estate work demand increased by 3.7 percent. This is the fourth straight quarter that demand for real estate work increased.

“The big difference now is there seems to be more uniformity,” Medice said. “We want to cautious about overplaying it, but it is new.”

In the first quarter of 2013, only 32 percent of law firms saw transactional growth.

Peer Monitor said that litigation demand, which accounts for 32 percent of the overall market, is still disappointing. Demand for litigation dropped by 1 percent compared to the first quarter of 2013. This is the seventh straight quarter in which demand dropped. Bankruptcy demand dropped by 5.9 percent.

Find all latest IP Technology Transactions Attorney Jobs here.

Law Firms Experience Growth in First Quarter of 2014 by

Tagged: , ,

Posted by on May 9, 2014. Filed under Law Firm News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

 

 

Job of the Day
Account Executive (Texas based)
USA-TX-Dallas
CaseEdge Account Executive (Texas based - does not have to be in Dallas/Ft. Worth).   Primary Goals The Account Executive (AE) is responsible for developing and growing new customer account...


Apply now

Related Posts: