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
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
Pepe & Hazard has had the courage to decide to freeze its rates for existing clients for 2009 and to go public with that information.
Managing Partner Al Turco
Managing Partner, Al Turco, said [Pepe & Hazard] is in the process of formulating a 2009 budget to manage its own revenues and
Negotiating is a question of power. The Chicago tribune reported today that:
Layoffs at Chicago law firms have sent a shudder through the commercial real estate market.
The article, Cutbacks at firms worry landlords, quotes Bill Rogers, managing director of commercial real estate firm Jones Lang LaSalle:
"I do
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
Britain is facing “arguably the worst” economic downturn in 60 years which will be “more profound and long-lasting” than people had expected, Alistair Darling, the chancellor, tells the Guardian today in a story called: Economy at 60-year low, says Darling. And it will get worse
Wall Street returns from vacation season to enter what is
Answer Your Outsourcing Questions
The worst market crisis in 60 years: "recession or worse"? Says who? The 80th richest man in the world, George Soros, (estimated net worth of 8.5 Billion according to Forbes). Is Mr. Soros toying with the "D" word: "Depression" when he says "recession or worse"?
I recommend that you read the entire Financial Times
Gary Wingens of Lowenstein Sandler and Frank Burch of DLA Piper listen to Dan DiPietro of Citibank forecasting a tough 2008 at the Army and Navy Club in Washington DC during The Edge International Managing Partners Strategy Summit
Last week, my Edge International partner Robert Millard and I hosted a very private, personal, invitation only,
…you would have seen my Edge International colleague and friend, Robert Millard, present the findings from the latest Managing Partner Forum Survey related to differences in approach to strategy in firms in the United Kingdom vs North America, and also in CPA (Accounting) Firms vs Law Firms. (Click on the sample slide to enlarge)
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