LFFI Report shows law firms’ financial health surging back

In the latest Thomson Reuters Institute (TRI) Insights podcast, Isaac Brooks, senior analyst with TRI, talks about the key findings from the recent Q2 2024 Law Firm Financial Index report and what it may indicate about the prospects for improved law firm profitability for the remainder of the year. Touching on topics ranging from growth in law firm rates, lowering expenses, increasing legal demand, and a potential turnaround in transactional practices, the report provides ample data for consideration as law firms look toward to the rest of this year and beyond.