Never has it been harder—or more crucial—to break out of the pack. Still smarting from the recession and facing fierce global competition, firms had been hoping for stability in 2011. But what they got—as shown by the results of The American Lawyer ‘s ninth annual survey of managing partners, chairs, and other leaders of Am Law 200 firms—was slow-paying clients, struggling transactional practices, and, if they’re lucky, the prospect of modest billing increases in the months ahead.
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