2024 Bright Insight

Over the next 12 months, which of the following strategies is your firm considering in order to maintain or increase profits?

57%

Recruit more laterals to strengthen existing practice areas

56%

51%

Increase business from existing clients

44%

43%

Facilitate growth through expansion by increasing headcount

39%

30%

Cut other non-personnel costs

34%

27%

Add new legal practices

29%

24%

Cut real estate costs

24%

19%

Facilitate growth through expansion by adding locations

18%

16%

Cut costs through staff reductions

18%

11%

Cut costs through attorney reductions

13%

1%

Other

0%

0%

20%

40%

60%

All Firms Global 100 / Am Law 100

Source: Cushman & Wakefield Research

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