Preliminary financial information for 2008 suggests this will be the worst year for law firms since 2001, and perhaps since the early '90s, writes Dan DiPietro, client head of the Law Firm Group at Citi Private Bank. And the data for the first half of 2008 -- gathered from 75 Am Law 100 firms, 55 Second Hundred firms and 35 smaller firms -- shows that top-tier and international firms have been hardest hit. How can firms manage the slump? DiPietro offers some ideas, starting with associate bonuses.
Forecast: Law Firms to Continue Bumpy Ride Through 2008
The American Lawyer
August 21, 2008
This content is now available at LexisNexis®.
The ALM® and LexisNexis® Content Alliance
LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM’s legal news publications. LexisNexis® customers will be able to access and use ALM’s content by subscribing to the LexisNexis® services via lexis.com® and Nexis®. This includes content from The National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM’s other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.
ALM’s content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.
If you are not currently a LexisNexis subscriber, contact 1-800-227-4908 to find out more or click here to have a customer representative contact you directly.