High-Growth Law Firms Have Embraced Uncharted Waters | The American Lawyer - Law.com

What You Need to Know

• The latest Dynamic Law Firms Report said high-growth firms made bigger investments in their people and embraced change.
• Static firms tended to invest in their ship; dynamic firms invested more in their crews, according to the report.
• The report also noted that ESG offerings were a key difference-maker for dynamic firms and their lawyers.

When it comes to capturing growth, dynamic law firms are more like pirates than staid corporations: embracing change, splitting their bounty and making treacherous conditions look easy to navigate.

That’s the conclusion of the latest Dynamic Law Firms Report from Thomson Reuters, which found the law firms that had the highest growth rates on multiple profit metrics also shared key attributes, including higher pay raises, more willingness to adopt new technology and communicate environmental, social and corporate governance initiatives.

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March 11, 2022

source: https://www.law.com/americanlawyer/2022/03/14/high-growth-law-firms-have-embraced-uncharted-waters/

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