2022 Bright Insight

FUTURE TRENDS AND PROJECTIONS

STRATEGIC PLANNING CREATES DIFFERENTIATION Firms have become more strategic in positioning themselves for the future, charting their own course to a much greater extent than ever before. This differentiation may benefit both clients and talent in selecting the firm best- suited to them.

In 5 years, do you expect it will be common for firms to opt for an open plan with no private attorney offices?

22% 78% YES NO

THE RISING PROMINENCE OF ESG Most professional services

organizations are increasingly adopting positions on Environmental, Social and Corporate Governance (“ESG”) and committing to improvement. We expect ESG to be an important focus for the legal sector and firms are taking issues into account in operational decisions— for example, selecting buildings with LEED certification, sourcing local products, working with ESG-minded suppliers, reducing travel and so forth.

MACRO PERSPECTIVE Heading into the second half of 2022, we're mindful of increasing headwinds. The ongoing overhang of the pandemic, geopolitical threats, increasing inflation, supply chain issues, interest rate hikes, and the prospect of a recession are all having a dampening effect on the economy and the legal sector.

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The 2022 National Legal Sector Benchmark Survey Results