Law firms showed resilience in 2023, taking advantage of shifts in market demand and aggressively raising rates while exercising restraint in costs, particularly talent costs for associates. This balanced approach of managing for both topline growth and cost controls paid dividends for firms; if they continue to successfully execute on those strategies, the market is …
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State of the Legal Market Report: Predicting the Factors That Will Shape 2023
Ahead of the 2023 Report on the State of the Legal Market – the annual report issued jointly by the Center on Ethics and the Legal Profession at Georgetown Law and the Thomson Reuters Institute – Legal Current is looking back at the trends that shaped the industry in 2022. The 2023 report, which Thomson …
Three Takeaways from the 2022 Dynamic Law Firms Report
Top-performing law firms are aggressively investing in their people and their culture to help achieve sustainable growth, according to the 2022 Dynamic Law Firms Report. Released today by Thomson Reuters, the report identifies factors that distinguish high-growth firms – Dynamic firms – from those that are challenged to keep up with the rest of the …
A pathway to success for young associates
So you’re fresh out of law school and have just landed your first job. Now what? How do you go from entry-level associate to partner? While there are many approaches, participating in Beyond the Bar workshops is one sure way to get you on the right path. Launched in September 2010, Beyond the Bar is a program …
