Thomson Reuters confirms Law Firms Thrive as Demand and Worked Rates Increase - Legal Support Network

BigLaw’s Quiet Worry in 2025: Collections Are Slipping Even as Demand Holds

Snapshot: Growth on Paper, Cash in the Door is Slower Industry trackers show a stronger-than-expected second quarter: demand ticked up and worked rates rose sharply. Yet the same data flag a pocket of risk—collections softened due to more unpaid invoices and write-downs. That mix is keeping finance committees cautious heading into the back half of the year. The Numbers Behind the Nerves Demand & Rates: Q2 2025 demand increased ~1.6% year over ye…

Thomson Reuters confirms Law Firms Thrive as Demand and Worked Rates Increase - Legal Support Network

Thomson Reuters, a global content and technology company, issued a new report today showing a prosperous second quarter for law firms with demand and worked rates up 1.6% and 7.4%, respectively, while productivity slipped 1.3%.