Legal Industry Armageddon Talk Overblown: Survey

By Pete Brush

Law360, New York (May 12, 2009, 12:00 AM ET) -- The hue and cry about how the economic downturn could forever change how the legal industry works notwithstanding, the consulting firm Altman Weil Inc. said Tuesday a survey it conducted in recent months indicates firms are not currently contemplating radical shifts in strategy or operations.

For example, despite a widespread industry belief that competitive pricing is key to winning new clients, a very small number of law firms responding to the survey, and none with 250 or more lawyers, said they had reduced their billing rates...
To view the full article, take a free trial now.

Already a subscriber? Click here to login

You must correct or enter the following before you can submit this form:

All fields required

  5. Required

Only Law360 gives you:

Non-stop coverage of high-stakes litigation across 30 practices

Real-time tracking and reports on 10,000+ companies, firms and industries

Over 80,000 attorney profiles with neutral data collected from active lawsuits

Research tools to find cases, court documents, attorneys and companies

Customized feeds and alerts that can easily be shared with colleagues

In-depth expert analysis from high-profile attorneys at top firms

Access to our vault with over 75,000 original articles