Although the inflation rate is down, law practice are still combating “across-the-board” boost, consisting of for skill and innovation, along with overhead expenses for tenancy. Those expenses are anticipated to have an outsize impact on law office operations entering into 2024.
The increasing expenses are one consider companies’ choices to press through reasonably high billing rate boosts once again in 2024, along with the choice by some companies to draw back on organization advancement, training, and maybe hiring and associate promos, some experts and experts state.