Thomson Reuters LFFI: midsized firms face rate erosion while tech investment lags

The Q1 2026 Law Firm Financial Index analysis says midsized firms grew demand 2.6% year over year but worked rates only 5.3%, far behind Am Law 100 worked-rate growth of 9.8%. It also says midsized firms increased technology and knowledge-management investment by 6.2%, the lowest of the segments compared. The economics are a warning: midsized firms are growing work but may be underinvesting in the systems that could defend realization and productivity.

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