Law Firms Bank On Higher Demand While Bulking Up Talent

Law360, New York (August 22, 2012, 11:10 PM EDT) -- Two recent studies suggest hiring at major law firms is outpacing demand for legal services, but experts say most firms are wisely stocking up on talent in anticipation of demand picking up down the road.

Citi Private Bank’s recent quarterly report showed that in the past six months, large firms’ attorney head count was up 1.1 percent, above the 0.3 percent growth in demand. Similarly, the Hildebrandt Institute’s Peer Monitor Index report issued in late July found that head count was up 2.3 percent for the...
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