Despite law firm profits soaring in the last year, firm partnerships are increasingly uncertain about the future. As a result, according to new survey results, law firms are now doubling down on financial fundamentals such as pricing, clients development and talent.
The 2022 Law Firm Profitability Survey from LawVision and Iridium now part of BigHand, published this week, found that nine out of 10 firms were satisfied or very satisfied with their profits over the last three years, and more than a quarter of respondents reported double-digit profit growth during that span. Still, factors such as inflation and geopolitical tension are coloring firm leaders’ outlook.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]