Partners hint at better times ahead
Business confidence at City law firms appears to have bottomed out, despite a record number of partners predicting falls in revenue over the next 12 months.The latest Legal Week Business Confidence survey found 7% of respondents expect increases of revenue of 10% or more over the next 12 months, marking a slight increase on the 5% making the same prediction in January - a record low for the quarterly survey since Legal Week started recording figures in 2001.
Confidence bottoms out after year-long fall, but increasing numbers still predict revenue falls; growth expectations rising for firms in the US and UK, but Middle East plunges. Jeremy Hodges reports
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