The current recession has become infamous for its speed and bruising impact and the legal sector is feeling the pain. Even major City law firms, renowned for stability, are reporting significant loss of business and many have already made cuts or begun redundancy consultations.This follows a period of real change in the sector in the past decade with the rise of more regional and global firms. As they go international, law firms need to change the way they operate, moving from individual outfits to cohesive international brands.
May 20, 2009 at 08:33 PM
1 minute read
The original version of this story was published on Legalweek
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The current recession has become infamous for its speed and bruising impact and the legal sector is feeling the pain. Even major City law firms, renowned for stability, are reporting significant loss of business and many have already made cuts or begun redundancy consultations.
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