Good news for some… HOWEVER even with that increase:
"overall legal spending is expected to decline just 1.4 percent for the year."
Source: ABA Journal Post referencing BTI PDF from which above image was extracted.
"In a press release, Michael Rynowecer, president of BTI Consulting, calls the findings “a big ray
From the Sacramento Business Journal today:
Law firm confidence index drops to record low
Excerpt:
Confidence in the economy among managing partners at large law firms nationwide hit new lows in the first quarter, according to the latest research from the Citi Private Bank Law Firm Group in New York City.
I recommend three
I was honoured today to participate in Charon’s 114th Lawcast which you can hear at the Charon QC blawg or download it from there in iTunes format:
Lawcast 114: Gerry Riskin, founder of Edge International – Law practice in these recessionary times
Access all of Charon’s lawcasts by clicking on Charon’s Lawcast website logo below
Charon QC is intelligent
I was honoured to be included in the round table that culminated in the cover story of Law Pro
Click on the image to download the PDF.
I am in good company. The roundtable included:
If you would like the entire magazine, download it here
Patrick was kindly referring to my August 2007 post called Doom and Gloom in the Legal Profession – It’s Coming which I promised to eat if wrong. I am sorry I don’t have to eat it for reasons you will see if you review it.
In any event, read Patrick Lamb’s recent post A Brief Look Back.
Evan R. Chesler is a Presiding Partner at Cravath, Swaine & Moore LLP. He has offered his thoughts via Forbes in a piece called: Kill The Billable Hour. There is no suggestion that he is articulating a new policy for the entire firm but he is clear on his own views and given that he
Perhaps these troubled times will motivate more attempts to defraud law firms – Managing Partners, what have you done to strengthen security lately?
PUNCHLINE: (yes, I’ll start with it) Managing Partners: I don’t think you should downsize now unless you absolutely have to. It’s a rough world out there – you should have cut the underperformers a long time ago. BUT, if you HAVE TO, if you MUST, then learn from one of the most successful and business savvy people out there, Guy Kawasaki – read
The image above is the core of the post of internet phenom, Rajesh Setty, in his post today at Life Beyond Code: Optimists and Pessimists – The big difference is..
Couple that with the wisdom of lawyer and legal profession provocateur, Patrick Lamb, in his post today: Silver Lining in Black Economic Cloud? in which
Managing Partners, you may have a disaster plan for fire, perhaps for terrorism – do you have one for the economic train coming off the tracks?
Listen (and watch) what Greenspan said yesterday Sept 14th (50 seconds)
Punchline: You are getting fair warning – are you acting on it? This is not a time
