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For law firm leaders, staying informed about industry trends and benchmarks remains critical as 2026 progresses. This report identifies the top five benchmarking observations that will provide valuable insights and guidance for navigating the evolving legal landscape, using the results of our 2025 Law Firm Financial Performance Benchmarks survey conducted by Savvy Surveys for Lawyers….
Withum’s Law Firm Managing Partner Interview Series highlights managing partners of law firms across the country.
At first glance, law firms may assume the new Section 70202: No Tax on Overtime rules are irrelevant to them – but that could be a costly mistake. It’s part of the One Big Beautiful Bill Act, commonly referred to as the OBBBA or OB3, and it allows an above-the-line deduction for qualified overtime compensation…
When an attorney’s client receives an IRS audit notice, the process can feel overwhelming. It is essential to act strategically to protect attorney-client privilege while meeting all compliance requirements. Failure to do so can result in serious legal and ethical consequences. Below are key considerations for navigating this process effectively. Key Considerations Start by supplying…
Understanding how to properly source billable hours for tax purposes is crucial for law firms, particularly due to the varying rules across different states. The Washington Court of Appeals has clarified that litigation receipts should be sourced to the venue of the case, while consultation services should be sourced to the client’s location. This nuanced…