5 Signs That Things Are Looking Up For BigLaw

By Jocelyn Allison

Law360, New York (April 29, 2010, 7:43 PM ET) -- After a period of aggressive cost-cutting, many large law firms remain cautious about loosening the purse strings, but legal industry experts say they are starting to see some signs that business might be looking up for BigLaw.

Clients are still putting severe pressure on firms to keep rates low, but many firms have de-leveraged, gotten rid of overcapacity and are starting to see new business, even in areas hit hard by the recession, experts say.

While consultants warn against law firms returning to business as usual...
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