What we have is compression and consolidation, which is to be expected in an industry that is a mature market, with stagnant demand. (beatoncapital.com)
By most accounts 2013 was another lackluster year for U.S. law firms, marked by stagnant demand for legal services and only minimal increases in lawyer productivity.» (aderant.com)
Let's define stagflation: «Persistent high inflation combined with high unemployment and stagnant demand in a country's economy.» (biggerpockets.com)