For law firms at the highest end of the billing rate scale, certain practices are no longer as economically palatable as they once were.
January 11, 2023 at 05:00 AM
5 minute read
Editorial
Segmentation in the legal industry doesn’t only benefit the top 50 law firms.
Law firm clients are moving more price-sensitive practices down market to smaller firms, while specialized firms—those with 70% or more of their billable hours in a single practice—have recently outpaced their peers on multiple financial metrics, according to the latest State of the Legal Market.
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