Law Firms Try to Hold On to 2020 Savings

A once-in-a-lifetime pandemic caused once-in-a-lifetime expense reductions that could forever alter the business of law. After those cost savings fueled double-digit profit growth for many firms in 2020, don't be surprised if Big Law leaders try to make some of those gains stick.

5 minute read April 01, 2021 at 12:03 AM

Andrew Maloney

A once-in-a-lifetime pandemic caused once-in-a-lifetime expense reductions that could forever alter the business of law. (See, "Rate Pressure and Rising Expenses Are Expected to Challenge Firms in 2021," The American Lawyer (Jan. 15, 2021) After those cost savings fueled double-digit profit growth for many firms in 2020, don't be surprised if Big Law leaders try to make some of those gains stick. (See, "Early Reports: The 2021 AmLaw 200 Financials," The American Lawyer (March 18, 2021.)

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Law Firms Try to Hold On to 2020 Savings

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