The legal industry fared extremely well financially last year, and most firm leaders will tell you they’re at least cautiously optimistic about the rest of this year. But there are always obstacles mixed in with the opportunities for Big Law.

Despite robust firm financials and a resilient economy, the pressures of a highly competitive market mixed with the unpredictable fallout from seismic world events, such as the Russian invasion of Ukraine and surges from COVID-19 variants, present real challenges that firm leaders are grappling with.