Managing Partners Expect Profit Growth In 2010

Law360, New York (January 21, 2010, 6:01 PM EST) -- Confident that the recession is in the rearview mirror, managing partners at law firms are predicting revenue and profit growth this year, according to the latest report from Citi Private Bank.

Citi Private Bank's Managing Partner Confidence Index for the fourth quarter of 2009, released this week, indicates that overall confidence is at the highest level in more than two years. Managing partners also are more optimistic about the financial conditions of their firms, mostly because they expect the demand for services to surge.

Of the...
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