Photo: Diego M. Radzinschi/ALM DC Law Firms Entered 2023 on Solid Footing, but Rate Pressure Looms
While most of D.C.'s largest law firms grew revenue, several saw dives in profits, due to rising expenses and slower demand.
April 07, 2023 at 12:54 PM
4 minute read
Law Firm Profitability
The original version of this story was published on National Law Journal
Law firms with a large Washington, D.C., presence ended 2022 on solid financial footing, with most recording modest revenue increases from the prior year despite uncertainty about the U.S. economy. However, several D.C. law firms saw dives in profits, due to rising expenses and slower demand.
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