Photo: Diego M. Radzinschi/ALM For 2020, Revenue May Fall, but Profitability Is Largely Expected to Hold
In this uncertain climate, firms' biggest priority is keeping top talent happy, making profitability a big focal point.
September 10, 2020 at 05:30 AM
7 minute read
The original version of this story was published on The American Lawyer
Economists are increasingly gravitating to the concept of a "K-shaped" recovery following the steep plunge of the early days of the coronavirus crisis. With a slight tweak, that "K" may well serve as a useful depiction of law firm profitability in 2020: just add a horizontal third line at the center.
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