Wake Up Call: Firms Ride Cost Cuts to Profits in Covid Year

In today’s column, several more law firms recently started ESG practices or expanded existing ones; professional service payment group AffiniPay bought ClientPay to consolidate the law firm payments market; during a virtual court hearing, a lawyer accidentally had a cat filter up on Zoom where his own face should be.

• Leading off, expense cutting was a key tool for Big Law firms to manage double digit growth in profits last year despite the pandemic, according to an analysis by the head of advisory services at Citi Private Bank’s Law Firm Group. She says the industry is in good shape to ...