Lessons from 2021 That Will Help Prepare for 2022
Many firms are projecting that 2021 will be an improvement over 2020's average revenue growth and PPEP growth, which in January was not the common wisdom. But we have also learned some things in 2021 that should not be forgotten or overlooked in the rush to year-end.
November 15, 2021 at 02:04 PM
7 minute read
As law firms enter the last quarter of 2021, the very cloudy and opaque future that prevailed in January has cleared considerably. Many firms are projecting that 2021 will be an improvement over 2020's overall 6.6% average revenue growth and 13.4% PPEP growth, which in January was not the common wisdom.
Of course, 2021 is not over and any projections we now have are dependent on a strong last quarter of collections, new business and the lack of a strong economic setback triggered by a U.S. debt default or other externally motivated economic setback.
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