The LFFI is 59! Which is a lot like telling someone the temperature in celsius. Is 31 hot? Because that seems like it should be cold... conditions have improved for law firms, with revenue up like the Bronx and the expenses down like the Battery.
New also rates might have pushed some work outside and, if that's the culprit, resetting rates to account for client growth and the impact of the recent inflation cycle have more than offset that demand hit... "fees worked" figure is the pre-realization proxy for revenue growth and everyone is sitting pretty over there.
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