75 Percent of law firms predict write-offs to increase in 2025, BigHand’s research confirms
Law firms are entering the dreaded “doom loop” as rising rates and growing discounts fuel unsustainable billing practices. BigHand has released its 2025 Annual Law Firm Finance Report, offering insights into the evolving financial landscape of the legal industry from cash recovery strategies, changing client behaviors, and emphasis on business development and commercial awareness among lawyers. […]