Photo: thicha/stock.adobe.com After Posting Big Profits, Firms Look for Savings They Can Keep
Some expenses are likely to creep back up this year. But others may reduce in the long term.
March 09, 2021 at 05:00 AM
5 minute read
The original version of this story was published on The American Lawyer
A once-in-a-lifetime pandemic caused once-in-a-lifetime expense reductions that could forever alter the business of law. After those cost savings fueled double-digit profit growth for many firms in 2020, don't be surprised if Big Law leaders try to make some of those gains stick.
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