Report Sees More Partners' Heads On The Block

Law360, New York (March 3, 2010, 6:21 PM EST) -- The legal industry is in the midst of fundamental change, and firms might soon have to thin their partner ranks now that other areas have already succumbed to budget pressures, according to a report released Wednesday.

In their annual Client Advisory for 2010, Hildebrandt Baker Robbins and the Citi Private Bank Law Firm Group said that while revenues this year will remain at or slightly above 2009 levels, there is little prospect of a robust recovery.

Instead, there is mounting evidence that the profession is entering...
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