Coronavirus Craters Law Firm Revenues, With 81 Percent Of Surveyed Firms Seeing Losses

The hits keep coming for the legal profession thanks to COVID-19.

(Image via Getty)

COVID disrupted everybody, including the legal profession. We are all in uncharted waters here.

— Diana Schulz, president of Martindale-Avvo, commenting on the results of a new survey by Martindale-Avvo, tracking how the COVID-19 pandemic has affected the legal system as a whole. According to the results, about 81 percent of surveyed firms have seen their revenues drop, while 27 of those firms said their revenue had decreased by more than half since the crisis began. Because of their decreased revenues, more than 18 percent of surveyed firms had to shrink their workforce through furloughs or layoffs.


Staci ZaretskyStaci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.

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