Tag: Profitability
Maximizing Profitability Despite Rising Rates: Why It’s Possible
Many law firms are facing the challenge of maximizing profitability despite rising rates. According to the 2024 Strategic Pricing Survey from LawVision, about 60% of firms increased their rates by 6% or more this...
Biglaw Firm’s Revenue Per Lawyer Decline Sparks Concerns and Analysis
The recent data collected by American Lawyer for its Am Law 100 ranking revealed a concerning trend for one of the top Biglaw firms. The revenue per lawyer (RPL) at this firm experienced a...