X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
savings (Photo: thicha/stock.adobe.com)

A once-in-a-lifetime pandemic caused once-in-a-lifetime expense reductions that could forever alter the business of law. After those cost savings fueled double-digit profit growth for many firms in 2020, don’t be surprised if Big Law leaders try to make some of those gains stick.

Rising expenses are likely in 2021, especially as vaccine availability increases “and life returns to some version of normal,” Citi Private Bank Law Firm Group concluded in a report last month.

Want to continue reading?
Become a Free ALM Digital Reader.

Benefits of a Digital Membership:

  • Free access to 1 article* every 30 days
  • Access to the entire ALM network of websites
  • Unlimited access to the ALM suite of newsletters
  • Build custom alerts on any search topic of your choosing
  • Search by a wide range of topics

*May exclude premium content
Already have an account?

Andrew Maloney

I'm a Chicago-based reporter covering the business of law, focusing on national and global law firms for The American Lawyer, Law.com and other ALM publications. Reach out: [email protected]    

More from this author

 
Reprints & Licensing
Mentioned in a Law.com story?

License our industry-leading legal content to extend your thought leadership and build your brand.

Legal Research and Law Library ManagementBook

This revised edition of Legal Research and Law Library Management retains the best elements of the previous edition while covering the latest in law library management.

Get More Information
 

You Can't Manage It If You Don't Measure It

How are you illustrating differentiation to clients and potential lateral targets? How are you measuring performance against peers? Use Legal Compass to benchmark a firm against its competitors, unearthing unique insights about performance, partner retention, market penetration and more. Click to log in, or begin your free trial.

Get More Information
 

The American Lawyer Industry Awards 2021Event

Honoring outstanding legal achievements focused at the national level, largely around Big Law and in-house departments.

Get More Information
 
 

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.