5 Signs That Things Are Looking Up For BigLaw

Law360 (April 29, 2010, 7:43 PM EDT) -- 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 — and indeed, many say the legal industry is far from it — here are...

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