Law firms are still grappling with how to return to normal. But a new analysis of their financial performance so far this year suggests they’ve come a long way since COVID-19 brought business to a halt last spring.
According to the Thomson Reuters Peer Monitor Index, law firm demand increased in Q2 even relative to pre-pandemic levels, while expenses have continued to fall. Demand for services increased by 0.6% relative to Q2 of 2019, while overhead expenses were down 3.6%, noted the report, which was released Monday.
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