Financial performance of law firms over the past 10 years has been driven by only one factor: rate increases. For an additional perspective on the report and market dynamics, see The 2017 Georgetown Legal Report And The Sunset Of The Traditional Law Firm Partnership Model (discussing why law firms don’t retrofit their model, the need for a safe, scalable, cost-effective and integrated delivery model, and the limits that in-house and ALSPs have as well).

The Georgetown/Thomson-Reuters 2017 Report