Second Quarter Delivered Eerie Calm For Law Firms Waiting For Tariff Economy Slump

Second Quarter Delivered Eerie Calm For Law Firms Waiting For Tariff Economy Slump

In its latest Law Firm Financial Index, Thomson Reuters compares the legal market to the eye of a storm. Perhaps. Though the thing about the eye of a storm is you know you’re halfway to the other side, and there’s not much to suggest the looming danger will let up any time soon. There’s an eerie calm before someone releases a family of rabid opossums in your house too, but it’s a lot harder to soothe yourself knowing “this too shall pass” in tha…

Second Quarter Delivered Eerie Calm For Law Firms Waiting For Tariff Economy Slump - Above the Law

In its latest Law Firm Financial Index, Thomson Reuters compares the legal market to the eye of a storm. Perhaps. Though the thing about the eye of a storm is you know you’re halfway to the other side, and there’s not much to suggest the looming danger will let up any time soon. There’s an eerie calm before someone releases a family of rabid opossums in your house too, but it’s a lot harder to soothe yourself knowing “this too shall pass” in tha…

Second quarter was 'unnaturally calm' for law firms amid 'tumultuous' backdrop, new report says

Client preferences may be shifting to more specialized or cost-effective legal solutions, according to Thomson Reuters' Law Firm Financial Index.

U.S. Law Firms Logged a Busy Q2—But Clouds Are Building, New Report Finds

U.S. law firms posted solid second-quarter results as clients sought counsel amid economic and geopolitical uncertainty, according to the Thomson Reuters Institute’s Law Firm Financial Index (LFFI). Overall demand rose 1.6% year over year while billing rates jumped 7.4%, lifting the index score to 55, up four points from Q1. Even so, the report warns that rising expenses, slipping productivity, and softer collections could pressure margins in th…