Law Firms Take Gloomy View Of Future

Law360, New York (January 17, 2008, 12:00 AM EST) -- Managing partners at U.S. law firms became “sharply more pessimistic” in late 2007 about both the economy and its anticipated effects on the legal industry, according to a report released this week by the law firm group at Citi Private Bank.

The report, entitled the “Managing Partner Confidence Index,” was compiled with information provided by 112 managing partners. It found that while the overall confidence of managing partners showed signs of teetering in the first half of 2007, it fell in the second half of the...
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