Source: Reuters
Demand growth for legal work in counter-cyclical practice areas and higher rates buoyed large and midsized law firms’ financial performance in the second quarter of 2023, a new report found.
Demand increased 1.5% year-over-year, with bankruptcy, labor and employment, litigation and antitrust among practices that helped drive growth, according to the latest edition of the Thomson Reuters Institute’s Law Firm Financial Index, which was released on Monday.
The index, which tracks key financial metrics across 170 large and midsized law firms, jumped 6 points in the second quarter of 2023 to the highest score since the first quarter of 2022…
Read full article: https://www.reuters.com/legal/legalindustry/law-firms-saw-rising-demand-q2-report-says-2023-08-07/
