Shutterstock.com Rate Pressure and Rising Expenses Are Expected to Challenge Firms in 2021
It's dubious firms can boost rates at the same level they did last year—about 5%, said James Jones, a senior fellow at the Georgetown Law Center on Ethics and the Legal Profession.
January 15, 2021 at 05:00 AM
6 minute read
Law firms may have weathered the COVID-19 financial storm last year, but firm leaders and legal observers say economic pressures could bear down again in 2021, including increased expenses, rate pressure and cash-strapped clients.
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