Sentences with phrase «declining demand for legal services»
Two leading advisors to major law firms predicted a declining demand for legal services, a 15 % drop in net income from 2008, the inability to raise rates, additional layoffs, salary freezes and cost cutting, heavier fee discounting, expenses rising faster than revenues — and a long wait for better times.
http://legalblogwatch.typepad.com/ Not exact matches
During recessions, demand may decline for some discretionary legal services, such as estate planning, drafting wills, real estate transactions and other types of litigation.
On demand for legal services: The demand for legal services is declining, and law firms that have modeled their businesses on steady increases in demand need to adapt, argued Helfer.
More lawyers are entering the workforce while overall demand for legal services has slowed and, in some practice areas, declined.
To paraphrase a report published in 2016 by legal consulting firm Altman Weil, the industry suffers from too many lawyers and declining demand for services.
The appetite for complex commercial instruments figures to be low — will demand for expensive corporate legal services decline accordingly?
Overall demand for legal services from mid-size firms declined by 0.6 percent for the first seven months...