We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Recession May Give Law Firms Chance For Change

Law360 (February 2, 2009, 12:00 AM EST) -- The recession will likely eat away at law firms' profit margins and keep client demand low through 2009, a new report from Citi Private Bank and Hildebrandt International Inc. predicts, but the downturn has also created a ripe opportunity for law firms to make fundamental structural changes with major long-term benefits.

In a 2009 client advisory released Monday, Citi Private Bank and Hildebrandt conceded that U.S. law firms will face a tough time at least through the end of the year, but they said the legal...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.