The Sinking Profitability Of Biglaw

It's been a long slide for law firm profitability.

onFebruary 15, 2023 at 6:18 PMFebruary 15, 2023 at 2:15 PM

Ed. Note: Welcome to our daily feature Trivia Question of the Day!

According to the Q4 2022 Thomson Reuters Law Firm Financial Index, for how many quarters in a row has law firm profitability fell?

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Hint: Profits per lawyer went down 4.5 percent in 2022 Q4 over Q3 on a rolling 12-month basis.

See the answer on the next page.

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