Perkins Coie reported associate deferrals and layoffs in 2023, focusing on cost reduction. Midsize law firms show stagnation in long-term strategies. Big Law firms are increasingly investing in contingency fee practices. Foley's revenue grew by 8.1%, profits per equity partner by 11.5% due to diverse practices. Morrison & Foerster saw a 19% profitability gain from reduced overhead and steady demand. Regional West Coast firms experienced modest revenue increases with contracting equity partner tiers.