The law firm market rebounded in the first quarter due to improved growth and surging rates, according to the Q1 2023 Thomson Reuters Law Firm Financial Index (LFFI) powered by Financial Insights. However, the Thomson Reuters report noted that the recovery was uneven and uncertainty remains as to the direction of the market going forward. …
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Q4 2022 Thomson Reuters Law Firm Financial Index: Top Five Takeaways
Law firm profitability fell for a fifth consecutive quarter in Q4 2022, according to the Q4 2022 Thomson Reuters Law Firm Financial Index, (LFFI) powered by Financial Insights. The report notes that demand, productivity, and expense challenges “have nearly eaten through the record profit gains of 2021” as firms contend with multiple ongoing issues. However, …
- February 14, 2023
- Carrie Brooker