Credit: mast3r/Adobe Stock Big Law Has Shown It Is Adept at Navigating Harsh Economic Times
The legal sector grew 2.7% in 2022—making barely a dent in a 10-year growth trend that has seen it swell by nearly 70%. But, if there is a recession later in 2023, Big Law has proven it can weather economic upheavals.
April 24, 2023 at 12:01 AM
4 minute read
The Global Lawyer
The global legal sector grew modestly in 2022, up around $3.4 billion on 2021 to a little over $130 billion. Or about 2.7%. As tough a year for law as it was for any business as firms attempted to absorb the high costs of the post-pandemic rebound.
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