How law firms were able to post record profits in the most challenging of years
Demand for legal services was down in 2020, but law firm profits were up. How did that happen? It mainly came down to aggressive monitoring of — and reaction to — financial metrics. Successful firms took steps to control costs and streamline operations.
In this white paper, we’ll look back at the challenging market conditions that law firms faced in 2020 and what they did to remain competitive in the midst of them.
What you’ll take away:
- A new perspective on the 2020 legal market
- Insights on how successful firms survived
- The role of technology in their success
- A look toward the rest of 2021 and what to expect