Thursday, February 16, 2012

"Uncertain" Prospects for Legal Industry, Say Citi/Hildebrandt As Law Firms Face Pressure on Profits - Law Blog - WSJ

"Uncertain" Prospects for Legal Industry, Say Citi/Hildebrandt As Law Firms Face Pressure on Profits - Law Blog - WSJ:
By Jennifer Smith
"If you’re a lawyer who likes to wallow in depressing news about the legal industry — this is your week!

“Unfortunately, the economic performance of the industry in 2011… was not able to redress the significant declines experienced in all key financial indicators during the first three years of the economic downturn.”

That’s just one heartening snippet from a 2012 client advisory out Wednesday from Citi Private Bank’s Law Firm Group and the Hildebrandt Institute, a division of Thomson Reuters."


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