August 15, 2025

In a robust demonstration of resilience and growth, the nation's top law firms, collectively known as Biglaw, have reported an impressive 11% increase in revenue in the first half of 2025. This significant financial upturn, highlighted in a recent report by Citi’s Law Firm Group, underscores a period of fruitful activity despite ongoing challenges in the global market.
Gretta Rusanow, managing director and head of advisory services at Citi’s Law Firm Group, shared her optimism with Bloomberg Law, stating, "We can expect to see an improved demand environment in our full-year numbers and a decent end to the year." This outlook is not only positive but also reflective of a subtle yet important 1% growth in demand for legal services compared to six months earlier.
Moreover, the report reveals that the inventory levels - essentially bills awaiting payment - have surged by 12.1%. This increase is another indicator of healthy activity levels within these firms, pointing towards sustained financial health and potential for further growth as the year progresses.
The robust performance of Biglaw firms in these turbulent times is a telling sign of their strategic agility and the high value of legal expertise in navigating complex, high-stakes environments. As the industry continues to adapt to evolving economic conditions, legal services remain in high demand, reinforcing the sector’s critical role in both corporate and civil realms.
As we move towards the latter half of 2025, the legal industry's leaders appear well-positioned to capitalize on emerging opportunities and overcome any obstacles that lie ahead. With a solid start to the year, the outlook for Biglaw firms remains promising, with expectations of continued growth and profitability. This performance is a beacon of what strategic planning, top-tier expertise, and resilient operations can achieve, even when times are tough.