Altman Weil has released the 2018 Law Firms in Transition Survey, which queried about half of the United States’ law firms with 50 or more attorneys. Here are some of the key statistics:

• 70 percent of law firms reported losing business to in-house legal departments
• 9 percent of law firms reported losing business to the Big Four accounting firms
• 85 percent of firms are talking with clients about pricing
• Nearly 80 percent of respondents believe nonhourly billing is a permanent trend
• 49 percent of firms failed to meet their annual billable hour targets in 2017
• 51 percent of firms say their equity partners are not busy enough