2024 State of the Legal Industry White Paper

DOWNLOAD our latest white paper - “2024 State of the Legal Industry – Navigating Caution and Opportunity: Insights from the Legal Market in 2024 and Beyond” -  by completing the form. 

WATCH the webinar replay, where we discuss the key findings. 

The 2024 State of The Legal Industry white paper highlights the significant transitions the legal industry underwent over the past year, driven by generational leadership shifts, evolving career aspirations, and increasing pressures related to diversity, equity, and inclusion (DEI).  

Offering invaluable information for legal industry leaders to proactively refine their business development, competitive intelligence, recruiting, and marketing strategies as we move further into 2025, this white paper provides insights on: 

• Lateral Hiring and Law Firm Growth Strategies
• Diversity and Inclusion in Legal Hiring 
• Challenges and Considerations in Law Firm Mergers and Acquisitions 
• The Changing Landscape of Partner Exits and Returns 
  
  

Key discoveries highlighted within the report include: 

• Leadership & Generational Shifts: Top 200 law firms saw leadership transitions favoring leaders aged 51–60, while Gen Z’s growing presence emphasizes work-life balance, mentorship, and DEI values. 
• Diverging Firm Strategies: While Top 200 firms resumed hiring and growth post-recession fears, smaller firms remained cautious, widening the industry’s strategic divide. 
• Evolving Career Paths & Hiring Trends: With lateral hiring up 9% in Top 200 firms, more lawyers (35%) are eyeing in-house roles, though diversity gaps persist and partnership promotions face delays. 
• Market & Technological Disruptions: Corporate counsel teams are insourcing more work, alternative fee arrangements are gaining traction, and generative AI is reshaping legal workflows amid ongoing market volatility. 

Dive into the insights and trends of the legal world with Leopard Solutions' State of the Legal Industry White Paper.