Public spending cuts dent the mood but firms still expect growth
City partners are generally upbeat about the year ahead despite a dip in overall confidence levels as the full extent of UK Government spending cuts begins to emerge, according to Legal Week research. Legal Week's quarterly business confidence survey, which canvasses senior lawyers on their outlook for the year ahead, found that nearly three-quarters (74%) of partners expect revenues at their own firm to grow over the next 12 months, with more than four in five (83%) expecting revenues across the top 50 as a whole to increase.
City partners are generally upbeat about the year ahead despite a dip in overall confidence levels as the full extent of UK Government spending cuts begins to emerge, according to Legal Week research.
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