Law firm leaders are taking a slightly dimmer view of the legal industry’s prospects in the second half of 2018 as their confidence in the U.S. and global economy wanes, according to a survey released Wednesday by Citi Private Bank.
Citi’s latest edition of its Law Firm Leaders Confidence Index showed that while top brass at firms remain a confident group, they have some concerns about the state of the economy, and that has had an impact on overall confidence. The Citi index runs on a scale of 0 to 200, where everything above 100 indicates confidence. Overall confidence among law firm leaders had an index score of 118 in the latest semiannual Citi report, down one point from the previous edition of the report released in February.
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