Demand for law firm services fell in 2022 by 0.1%.
Meanwhile office expenses soared by more than 30%, year-over-year, putting legal teams on the watch in 2023, including as it relates to office space, according to the Thomson Reuters Institute 2023 Report on the State of the Legal Market.
"That result stood in stark contrast to the 3.7% growth rate recorded for all of 2021, which admittedly was bolstered by the dip in 2020," according to the report.
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