While our Law Firm Financial Index showed an incredibly strong performance on rates in the fourth quarter of 2023, delving deeper into the data reveals an even more remarkable story The Thomson Reuters Institute’s Law Firm Financial Index results for the fourth quarter of 2023 showed incredibly strong average rate performance across the legal market. Indeed, the final quarter of 2023 posted average worked (agreed) rate growth of 6.5% compared to Q4 2022, continuing a several-years-long trend of improving rate growth for law firms. However, the end of 2023 was remarkable for a couple of other reasons as well. Law…