Despite a stream of negative headlines and gloomy predictions that the UK is entering into a recession, two-thirds of senior City partners are still forecasting revenues to increase over the next 12 months. Legal Week's quarterly business confidence poll shows that while confidence levels have fallen for the third quarter in a row, many of those surveyed still expect commercial law firms to keep growing through the downturn. Just under 54% of respondents to the Big Question survey said they expected billings at their firm to increase by up to 10% over the next 12 months, while a further 11% were bullishly predicting growth of more than 10%.
July 17, 2008 at 12:32 AM
1 minute read
The original version of this story was published on Legalweek
The gloomy economic outlook has seen law firms downgrade their growth predictions, but a clear majority believe that the profession will keep expanding through tough times. Jeremy Hodges reports
Despite a stream of negative headlines and gloomy predictions that the UK is entering into a recession, two-thirds of senior City partners are still forecasting revenues to increase over the next 12 months.
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