TBA Law Blog


Posted by: Stacey Shrader Joslin on May 6, 2024

Law firms are off to a strong start in 2024 after a lackluster 2023, Reuters reports. New data shows that demand for legal services was up 1.9% in the first quarter of this year over the first three months of 2023. Billing rates also continued to rise with a 6.6% increase in the first quarter compared with a year ago. Get these and other trends in Thomson Reuters Institute’s Law Firm Financial Index, which tracks key financial metrics across 186 large and midsize law firms.