Law Firm Profits Soared In 2021, Despite Increased Expenses

Strong demand growth led to a war for talent, but it was also a major driver of the industry average double-digit revenue growth seen in 2021.

7 minute read March 01, 2022 at 12:05 AM

By Gretta Rusanow, Gloria Gomez and

Scott Kesselman

Law Firm Profits Soared In 2021, Despite Increased Expenses

A recovery from an aberrational 2020 and the delay in returning to the office created an unusual set of factors behind the extraordinary performance seen by the law firm industry in 2021.

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