The squeeze is on to extract as a lot revenue from the 2023 fiscal yr as doable, in keeping with a brand new survey by LawVision and BigHand that exhibits declining optimism about year-end earnings amongst legislation agency leaders and an elevated emphasis on measures to enhance them.
Profitability satisfaction is down from 87% of these surveyed final yr to 63% this yr, in keeping with the latest survey of managing companions, COOs, CFOs, pricing chiefs and different senior legislation agency professionals at 50 corporations within the U.S., Canada, United Kingdom and Europe. Huge Regulation corporations comprised roughly 40% of the survey, which additionally included midsize corporations and boutiques. The survey was administered between June and August.
