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Law Firms May Make 'Course Corrections' to Battle Inflation

If inflation remains at current levels, law firm billing rate increases won't be able to keep pace. But firm leaders may make other "course corrections" to capture profits through the end of 2022, analysts say, by utilizing leverage and alternative pricing models and making additional investments in technology.

6 minute read September 01, 2022 at 12:05 AM
By
Andrew Maloney
Law Firms May Make 'Course Corrections' to Battle Inflation

If inflation remains at current levels, law firm billing rate increases won't be able to keep pace. But firm leaders may make other "course corrections" to capture profits through the end of 2022, analysts say, by utilizing leverage and alternative pricing models and making additional investments in technology.

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