Industry Analysis & Industry Trends
Hit hard by the financial crisis and the dismal economy, many major firms will look to international expansion and M&A activity to boost profitability. Despite an increase in demand, clients will be hesitant to spend for overpriced services; instead, they will increasingly demand alternative-pricing plans to bring the cost of service further in line with the value it provides. Over the next five years, the cost reductions firms implemented during the recession and M&A activity among participants will help escalate the industry's recovery and raise profitability... purchase to read more
Industry Report - Industry Locations Chapter
The Southeast region accounts for the greatest proportion of law firm offices, in line with its share of population. The Mid-Atlantic region, which includes New York and Washington DC, is home to many of the largest firms where lawyers earn above-average salaries.
IBISWorld estimates that the Southeast region accounts for 26.2% of industry establishments. The region also represents an estimated 23.0% of industry employees and 19.6% of industry wages. On average, the region has fewer employees per establishment relative to the national average, and employee wages are generally less than the average. Florida has a dominant presence in the region, accounting for more than one-third of industry establishments and wages in the Southeast... purchase to read more