What’s in store for the practice of law in the Midwest during 2012? We invited the people running four of the largest law offices in Chicago to provide their forecasts during a panel discussion in April at the city’s Union League Club. Citi Private Bank had just issued a report warning that the demand for legal services was spotty, that expenses were up at law firms and that profitability was under threat.

For all that, our panelists tended toward optimism about the future — a very Chicago predilection, it would seem.