(Credit: lenetsnikolai/Adobe Stock) For Big Law Profits This Year, Collections Remain the 'Big If'
"This could be a decent year if firms are able to speed up collections from now through year-end. So, that's the big 'if'," noted Citi's Gretta Rusanow.
November 14, 2023 at 05:00 AM
5 minute read
Law Firm Profitability
The original version of this story was published on The American Lawyer
With legal industry revenue and demand perking up and expense pressure easing over the last quarter, law firms might expect to see mid-single-digit revenue gains and "modest" profit growth on average by the end of the year, according to a new analysis.
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