The summer's credit market turmoil has put a noticeable dent in business confidence at the top U.K. law firms, but a clear majority of partners believe their businesses will maintain robust growth. Results of a quarterly business confidence poll show that the aftermath of the credit squeeze has left partners tentative over sustained deal flow, with those expecting growth of any kind dropping by 12 percent.
October 22, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The summer’s credit market turmoil has put a noticeable dent in business confidence at the top U.K. law firms, but a clear majority of partners believe their businesses will maintain robust growth.
The number of partners at commercial firms expecting double-digit growth over the coming year has dropped to 66 percent — the lowest percentage predicting such an increase since July 2006 — down from 68 percent three months ago and from 70 percent at the start of the year.
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