Legal Economics

Firm Financials & Demand

Record profits now sit beside clear signs of buyer pushback

Thomson Reuters and Georgetown report 13% average profit growth, the strongest demand growth since the Global Financial Crisis and 7.

BY ECONOMICS DESK · MAY 14, 2026 · 1 MIN READ

Thomson Reuters and Georgetown report 13% average profit growth, the strongest demand growth since the Global Financial Crisis and 7.3% worked-rate growth. The same report warns that net spend anticipation is falling toward pandemic-era levels and that smaller firms captured much of the growth as clients moved work away from the most expensive providers.

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