Credit: Shutter_M/Shutterstock.com Law Firm Profits May 'Plunge' This Year Amid M&A Slowdown and Expense Growth
Direct expenses shot up 13% in the first quarter after large bonuses and multiple associate pay increases went into effect, while recruiting expenses rose a staggering 121%.
May 09, 2022 at 06:00 AM
3 minute read
Law Firm Profitability
The original version of this story was published on The American Lawyer
Stifling expenses and a slowdown in transactional work during the first quarter could sink profit growth for the rest of the year, according to a new analysis of legal industry performance.
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