The legal industry isn't poised to make a miraculous recovery in the near future, but for the time being, things aren't getting any worse. That's the gist of the latest Hildebrandt International Peer Monitor Economic Index, which tracked demand for legal services, attorney productivity, billing rates and direct and overhead expenses at large and midsize law firms during the second quarter of 2009. The index has been on a steady decline since the second quarter of 2008, but it was up slightly last quarter.
Survey Suggests Law Firm Economics May Be Stabilizing
The National Law Journal
August 20, 2009