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N THE UNITED STATES, as well as in many other parts of the world, many law firms face an uncertain future. Part of this uncertainty is short term. In North America, many firms are still trying to cope with the economic slowdown in the third and fourth quarters of 2001. In other parts of the world, law firms are feeling the impact not only of the global effects of the North American recession, but also, in some jurisdictions, the results of uncertainty about local political or economic conditions.

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