With the fourth quarter now underway, some law firm leaders in the Washington, D.C., region are optimistic about 2023 profits, citing sustained demand in large litigation and regulatory practices, despite slowdowns in transactional work.
Firms in D.C., however, are still putting a greater emphasis on billing hygiene, as seen industrywide, according to the LawVision/BigHand report. Compared with last year, more law firms reported a focus on financial hygiene in billing and timekeeping and conducting profit education and training, according to the report.
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