Thomson Reuters Institute
Legal
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2025 Report on the State of the US Legal Market
In this year’s report, we see how many law firms are edging toward rethinking their business model in light of technological advancements, even as they celebrate a record-breaking performance over the past year
Law firm rates in 2024
A new report shows law firms are continuing their impressive run of growth in billing rates; however, potentially softer demand in 2025 may make such continued strong rate growth an important necessity