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Boosted by spike in negotiated rates, law firms return to profitability, report says

Law firms returned to profitability in 2023 as “worked rates” accelerated throughout the year, according to the Law Firm Financial Index report for the fourth quarter of 2023 by the Thomson Reuters Institute.

Debra cassens weissThomson reuters instituteLaw firm financial indexThomson reutersSecond hundredAba journalEgal newsAw firmsPractice managementAreer practiceMidsize firmArge firmPractice finance

Q3 2023 Law Firm Financial Index: Firms tap the brakes on September hiring, all eyes on year-end profit

The Law Firm Financial Index remained at its six-quarter high in Q3, as industry focus now turns to wringing out a more profitable 2023.

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Inflation and the law firm - Thomson Reuters Institute

Law firms have found they are not immune to inflation's impact, but a look at the numbers shows that all inflation is not necessarily equal.

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Lateral Attorney Hiring Trends In 2023: Adapting To A Shifting Economy

Despite economic challenges, certain law practice areas are observing renewed hiring activity as the economy progresses in 2023.

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Growing countercyclical demand for Midsize law firms: Can a boost in key practice areas offset growth in lawyer headcount?

As we continue to examine the Midsize law firm segment, we look at the balance between increasing countercyclical demand and lawyer headcount

Law firm financial indexSecond hundred

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