But it is fairly clear that there isn't a lot of internal
growth at the big firms over the past few years.
I blogged about the trends that this survey shows last year (short version: little
growth at the big firms).
Not exact matches
At its core, the market sell - off, which shoved the Dow Jones industrial average nearly 1,600 points lower Monday in the
biggest intraday point drop in history, showed traders adjusting to signs of
firmer economic
growth and, potentially, a resurgence of long - dormant inflation.
That's less than biotechnology (
at $ 365 billion) and pharmaceuticals (
at $ 1094 billion), but it's a
big industry — according to a report by the consulting
firm Frost & Sullivan, it's projected to grow over the next 3 to 5 years
at an annual rate of 9 %, a
growth rate comparable to
big pharma.
It probably falls under advisory services, which is driving
growth at all the
Big Four
firms.
Sometimes it's practice - specific, but we are seeing some real
growth even
at big brand name law
firms — people are coming in
at $ 100k instead of $ 180k on lower billables.
Even with the recent fall of Heenan Blaikie, the trend seems to be fairly similar to last year: little
growth overall
at the
big firms.
In our June 2009 cover story, we looked
at «
Big BD» and the increasing importance of business development in law
firms»
growth strategies as well as the role social media plays.