This statistic shows the methods used by law firms in the United States to increase profitability between 2017 and 2020. During the 2020 survey, 78.4 percent of respondents stated that they acquire laterals or law firms, in order to help increase their firms' profitability.
In the last few years, has your firm done any of the following specifically to improve firm profitability?
Characteristic
2017
2018
2019
2020
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Multiple answers were possible. The source did not provide the method of survey.
Values prior to 2020 were taken from previous editions.
2017 base: 386 firms
2018 base: 398 firms
2019 base: 362 firms
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Altman Weil. (June 22, 2020). In the last few years, has your firm done any of the following specifically to improve firm profitability? [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/720777/law-firm-methods-used-to-increase-profitability-us/
Altman Weil. "In the last few years, has your firm done any of the following specifically to improve firm profitability?." Chart. June 22, 2020. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/720777/law-firm-methods-used-to-increase-profitability-us/
Altman Weil. (2020). In the last few years, has your firm done any of the following specifically to improve firm profitability?. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/720777/law-firm-methods-used-to-increase-profitability-us/
Altman Weil. "In The Last Few Years, Has Your Firm Done Any of The following Specifically to Improve Firm Profitability?." Statista, Statista Inc., 22 Jun 2020, https://www.statista.com/statistics/720777/law-firm-methods-used-to-increase-profitability-us/
Altman Weil, In the last few years, has your firm done any of the following specifically to improve firm profitability? Statista, https://www.statista.com/statistics/720777/law-firm-methods-used-to-increase-profitability-us/ (last visited July 22, 2024)
In the last few years, has your firm done any of the following specifically to improve firm profitability? [Graph], Altman Weil, June 22, 2020. [Online]. Available: https://www.statista.com/statistics/720777/law-firm-methods-used-to-increase-profitability-us/
