Apr. 30, 2026
Large law firms post strong Q1 gains despite slower collections
Strong demand and aggressive rate hikes fueled a hot first quarter, though rising inventories and slower collections point to emerging pressures.
The nation's largest firms reported record first-quarter rate increases and double-digit revenue growth, even as clients took longer to pay and pushed for deeper discounts, according to the Wells Fargo Legal Specialty Group's first-quarter 2026 survey.
A survey of more than 100 of the Am Law 200 firms shows they're off to an even hotter start than last year's blockbuster first quarter. Revenue growth beat 2023's 11.3% Q1 surge, powered by stronger client demand...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$895, but save $100 when you subscribe today… Just $795 for the first year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In