Demand for legal services has soared in the third quarter of 2025, with Q3 2025 becoming the fourth-highest quarter for demand in 20 years according to Thomson Reuters.

The “Q3 2025 Thomson Reuters Law Firm Financial Index (LFFI)” report revealed that demand ticked up by 3.9 percent from the previous year. According to Thomson Reuters, client activity during Q3 2025 was “sustained and robust,” indicating true expansion.

The growth was mainly driven by transactional practices as midsize law firms recorded a 6.1 percent surge in demand over the year. Mergers and acquisitions demand in particular recorded a 7.6 percent year-over-year increase; litigation demand went up by 4.9 percent, corporate law by 4.3 percent, real estate by 4.2 percent, and labor and employment by 4 percent.

Revenue p

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