Despite lawyer preference for remote work, major law firms continue with long-term office strategies, evident in lavish leases and attorney attendance patterns, showcasing a disconnect with client subsidized expenses.
Law firms see rising billable rates despite flat demand, with revenue driven by increased billing rates. The industry evolves as distributed law firms gain traction, offering flexibility to meet varied attorney needs.
Early distributed law firms aimed for lower overhead and autonomy but may have missed key factors like practice area focus, collaboration, brand, and quality; failures evident in recent splits.
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