Shrinking growth and rising salaries against a backdrop of recession and inflation cast a shadow as we enter the new year, according to a range of law firm heads.
January 03, 2023 at 06:08 AM
5 minute read
The original version of this story was published on Law.com International
The end of the pay war? The cost of living crisis nothing more than a memory? Deal markets surging again? Not likely.
With the Bank of England upping interest rates to 3.5% to temper soaring inflation, the economic picture is changeable, leading to uncertainty across all law firm taking points: pay, talent, mandates and growth.
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