Law Firms Have Best Quarter In 8 Years
Go ahead and celebrate... cautiously.
Go ahead and celebrate... cautiously.
For managing partners, the economic outlook can best be described as "cautiously pessimistic."
As 2015 draws to a close, 2016 looks to be a weak year for law firms.
The outlook for law firms isn't all gloom and doom, but there are a lot of caveats to even the modestly good news.
The Am Law 51-100 firms still have plenty of life left in them.
Sources say that Bingham will NOT go bankrupt.
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Some firms should be happy, but others should be worried.
Pretty decently, as it turns out.
How are managing partners feeling about the legal business and the economy as a whole?
What are the reasons for optimism in a recent report from Citi Private Bank?
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If you didn't completely believe the headline that managing partners see the market improving, then you were right.
Everyone's gushing about that positive profit projection and increasing demand, but the new Citi report delivers some bad news, too.
It doesn't look like law firms have done much to adjust to the "New Normal."
Biglaw leaders aren't confident about much, except for their need of more warm bodies...
Quite possibly, according to a recent survey of law firm performance.