In 2017 Q1, rates grew at mid-sized firms by 2.8% (while demand contracted -.7%) and AmLaw1 100 firms grew rates by 3.4% (with a 1.1% growth in demand). Clients are demanding more write-downs (4.2% in Q2 2016 vs. 4.4% in Q2 2017). Interestingly, write-offs increased 0.2% in the same recent period, while write-downs increased 0.4%. In terms of investment, higher performing firms grew technology investments by 3.2% while firms experiencing contraction increased only 1.2%.

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