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Citi Private Bank released its fourth-quarter Managing Partner Confidence Index last week. The survey depicts what could be called an upturn in law firm pessimism over the downturn in the economy. Cindy Tambourine, managing director of the Citi Private Bank Law Firm Group in Washington, says 112 managing partners responded to the survey, which was conducted in October. Partners ranked their confidence in the future of the economy, using an index that ranges from 0 to 200, with 100 representing a neutral position. The survey shows an average confidence index in the economy at large of 69, and an average of 78 for confidence in the business conditions of the legal profession. Both figures are significantly down from the third quarter.
Marisa McQuilken can be contacted at [email protected].

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