Legal Services

Flat demand and fierce competition: Law firm leaders’ predictions for 2023

Senior lawyers from Freshfields Bruckhaus Deringer, Norton Rose Fulbright, KPMG and Paul Hastings on what 2023 may hold

Top legal talents share their predictions for the year ahead. Clockwise from top left: Nick Roome, KPMG; Claire Wills, Freshfields Bruckhaus Deringer; Frank Lopez, Paul Hastings; Farmida Bi, Norton Rose Fulbright
Top legal talents share their predictions for the year ahead. Clockwise from top left: Nick Roome, KPMG; Claire Wills, Freshfields Bruckhaus Deringer; Frank Lopez, Paul Hastings; Farmida Bi, Norton Rose Fulbright

The Russian invasion of Ukraine in February marked the beginning of the end of a deal bonanza for City law firms.

Looking forward in 2023, economic conditions are much trickier, and deal markets are less buoyant, posing a new set of challenges for the legal industry.

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