A recent report from the Thomson Reuters Institute indicates that law firm profitability reached near-record levels in the third quarter of 2024. The Law Firm Financial Index recorded a score of 71, marking the second highest score since the index's inception over 15 years ago. This surge in profits highlights potential opportunities within the injury law sector, as noted by a leading law firm. Additionally, law firms are increasingly focusing on enhancing financial literacy among partners to ensure that lawyers are equipped to make informed decisions that align with their firms' financial objectives.
Law firms are prioritizing financial literacy for partners, making sure lawyers are trained to make real-time decisions that support their firm’s financial goals and profitability each day. https://t.co/5eT2co7rL8 https://t.co/XerL6hojGg
Blog by@first4injury : Mind the (justice) gap: Why are RTAs going up but claims still down? https://t.co/vIvYNSSZID
Blog @first4injury : Mind the (justice) gap: Why are RTAs going up but claims still down? https://t.co/T8oudlXebM