Managing partners reported record low confidence in the economy's overall health and business conditions for the legal profession in a survey released Wednesday by Citi Private Bank. According to 2008 fourth-quarter findings, partners' confidence in the economy plunged to a record low of 38 on an index that ranges from zero to 200, when just last year confidence was at 69. Despite dismal projections in general, managing partners were more optimistic about their own firms' financial prospects.
Firm Managing Partners Report Record Low Confidence in Economy
January 15, 2009