Patrick Lamb, writing for the ABA Journal’s the “New Normal” series, parses three recent law firm financial reports that came out this week. He concludes: “Clients paid for fewer hours and spent less overall during the first 9 months of 2013 than they did in 2012, which was a down year itself.”
You should read the whole piece (entitled “Latest data reveals growing problems for OldLaw”), which you can find here.