Welcome back to the Big Law Business column on the changing legal marketplace written by me, Roy Strom. Today, we dive into first-half financial results for Big Law firms. Sign up to receive this column in your inbox on Thursday mornings.
One question I’ve asked lawyers is whether Big Law’s outstanding financial performance in 2021 was a historical anomaly or the result of a secular shift that bolstered large law firm business prospects.
Most people I’ve spoken to believe the former.
The typical story is Big Law benefited from unprecedented financial conditions caused by the response to the pandemic. ...
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