The Q2 2024 Thomson Reuters Law Firm Financial Index (LFFI), powered by Financial Insights, showed continued strong growth for law firms amid a resurgence in transactional practices and solid fundamentals in the second quarter of 2024. Released today by Thomson Reuters, the report showed a healthy outlook for law firms with overall demand up 2.4% …
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Counter-cyclical practices
Record Revenue and Rate Growth: Top Takeaways from Q1 2024 Thomson Reuters Law Firm Financial Index
Law firms achieved elevated revenue growth in the first quarter of 2024 and continued to heavily invest in technology. These are among the findings of the Q1 2024 Thomson Reuters Law Firm Financial Index (LFFI), powered by Financial Insights. Legal Current shares key takeaways from the report, which found that law firms returned to a …
Firms Reconsider How Technology Shapes Productivity as Law Firm Market Returns to Profitability
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 …
Australian Law Firms Rally Despite Expense Growth Challenges
Australian law firms finished the second half of fiscal year (FY) 2023 strong, rebounding in the face of softening demand and rising expenses in the first half of the year. That’s among the takeaways from the 2023 Australia: State of the Legal Market Report, which examines Thomson Reuters Financial Insights data from 20 law firms …
Law Firm Recovery Continues: Takeaways from Q2 2023 Thomson Reuters Law Firm Financial Index
The strong start for the law firm market in 2023 continued in the second quarter with robust rate growth and demand up for the second consecutive quarter. These are among the findings of the Q2 2023 Thomson Reuters Law Firm Financial Index (LFFI) powered by Financial Insights. Legal Current highlights top takeaways from the report, …
