Law Practice
Jun. 24, 2009
Firm Leaders Upbeat, but Layoffs Loom
For the first time in six months, the consensus of law firm managing partners is that the worst of the recession is over, but more than a third said in a new survey that further layoffs are planned.
By Amanda Becker
Daily Journal Staff Writer For the first time in six months, the consensus of law firm managing partners is that the worst of the recession is over and the legal market has stabilized and will gradually begin to improve, according to a report released Tuesday by Citi Private Bank. But confidence in the overall economy was tempered by managing partners' reservations about how their firms would bolster profits as revenue remains fla...
Daily Journal Staff Writer For the first time in six months, the consensus of law firm managing partners is that the worst of the recession is over and the legal market has stabilized and will gradually begin to improve, according to a report released Tuesday by Citi Private Bank. But confidence in the overall economy was tempered by managing partners' reservations about how their firms would bolster profits as revenue remains fla...
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