Law firm leaders are revealing dramatic increases in confidence level for 2010 when it comes to client demand, revenues, profits, staffing and other metrics that tumbled last year, according to a new survey put out by Citi Private Bank Law Watch on Thursday. The Managing Partner Confidence Index shows firms don't expect to conduct any more layoffs, and 45 percent said they expect to hire associates. However, equity partner cuts could be coming, says Lisa Kohut, director of Citi's law firm group in Philadelphia.
January 22, 2010 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
To hear managing partners tell it, navigating a recession is so 2009.
The latest Managing Partner Confidence Index put out by Citi Private Bank Law Watch Thursday shows dramatic increases in the confidence level of law firm leaders for 2010 when it comes to client demand, revenues, profits, staffing and other metrics that took a tumble last year.
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