For the first time in nearly a decade, law firm leaders are feeling positive that the pressure on pricing will ease up, according to Citi Private Bank Law Firm Group.
On Thursday, the consultancy released its mid-year confidence survey. It asks law firm leaders to make projections about the second half of 2016 by answering a series of multiple choice questions about demand for services, hiring and other topics. Based on the answers, Citi calculates a 200-point numerical score for each topic, wherein 200 represents the highest possible confidence and optimism.
For instance, on realization rates, the survey assigned law firm leaders a 102 confidence score.
“At 102, ...
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