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State of the Legal Market 2023

Clarity

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The Linkage Between Rates and Demand Mobility

There's another factor there that's driving work similarly our higher cost firms actually did worse in a lot of measures than the AMLA 100 averages. That idea of specialization that you mentioned came in because what we saw was those firms that were specialized and for the purposes of this analysis are guys defined it as 70% of their work comes from a particular practice area they crushed it. The other thing that I think that comes through really clearly here is that clients have become very sophisticated and they understand what they're buying much more than law firms often give them credit for.

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