Sentences with phrase «major law firms predicted»
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
A double - dip recession in the UK has put only a minor dent in business confidence at major law firms, with four out of five partners predicting income growth over the next 12 months.
At the same time, the Financial Times pointed to the continued consolidation of major law firms, predicting that we will soon see the emergence of the «$ 5 billion law firm» — itself a response to those growing pressures on traditional fee structures.
Ninety - five per cent of managing partners at the UK's leading law firms predict major consolidation at the top end of the legal sector over the next two years, a survey of more than 100 of the UK's top 200 law firms shows.