Bloomberg Law
Oct. 13, 2015, 6:38 PM UTC

Law Firm Leaders Don’t Feel Great About Their Profession. And Why Should They?

Casey Sullivan

For the third consecutive quarter, law firm managing partners expressed doubt about the direction of the legal industry and broader economy, according to a quarterly report by Citi Private Bank. And who can blame them? It isn’t a great time to be a Big Law lawyer, according to a number of recent reports.

Before going into the Citi results, we’ll point to four significant stories from the third quarter that don’t exactly give lawyers reason to celebrate the state of their profession — a profession that not too long ago was highly sought-after because of its intellectual satisfaction and pedigree. ...

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