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Law Firm Financials Law Firm Management Legal Operations

Top Law Firms Look to Invest Profits In Future Success

There’s no doubt that much of the legal industry’s profit gains are simply the result of surging demand. But smart firms were also able to harness booming demand to push through rate increases, owing to clients who were desperate to see their deals go through. There’s no doubt that the firms taking advantage of this confluence are in an enviable position. That doesn’t mean they are sitting on their laurels.

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When Fenwick & West chair Richard Dickson looks back at his firm’s outstanding growth in profitability over the last several years, he finds the story isn’t necessarily about certain practices delivering outsized results. Corporate work and litigation have both been on an upward trajectory, but it’s easy for any law firm leader to say he’s focused on growing these twin engines.

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