When the Meter Runs Too Fast: Why Law Firms May Be Near a Financial Inflection Point
After a banner year, much of the U.S. legal industry is staring at an uncomfortable question: how long can the momentum last? Large and mid-sized law firms closed 2025 with enviable numbers. Client demand was strong, billing rates climbed sharply, and profits swelled at double-digit rates. Transactional teams were busy. Litigators stayed occupied. For once, …
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