Marcus Belanger  Industry Data Analyst / Thomson ReutersMarcus Belanger  Industry Data Analyst / Thomson ReutersLaw Firm Financial Index (LFFI) score, which surged by 14 points to reach 44 at the start of the year. Indeed, across all segments, counter-cyclical work commanded higher price increases than transactional work, and this behavior was most pronounced in the top end of the market, where Am Law 100 firms recorded counter-cyclical rate growth that was more than two percentage points higher than their transactional rates. In summary, the financial performance of law firms in the first quarter of 2023 showed significant improvement compared to the previous year, thanks to rate growth which acted as a catalyst for positive change, with all segments posting some of the highest growth rates seen in recent years