The “2022 Report on the State of the Legal Market“, most recent in a series of highly regarded annual reports on that subject, issued by Georgetown University Law Center and the Thomson Reuters Institute, came out in January.
For the business client, I see three main takeaways for 2021:
1. Demand for legal services increased, driven by real estate and corporate practice; each made up for losses in 2020, and, in 2021, went above pre-Covid levels. Litigation was below pre-Covid levels in 2021.