Law firms saw significant declines in the years after the 2007 recession, as clients cut costs and turned to in-house options, but they are showing modest although uneven growth again. According to IBISWorld, industry revenue is expected to grow by 1.9% in 2015 and “at an annualized rate of 1.4% to $292.0B by 2020. (Law … Continue reading Law Firm growth and decline, industry challenges, cost reduction trends and future trends.
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