Law firm managing partners confident about economy, concerned about discount pressure

Eighty-five percent of managing partners predicted future revenue growth, according to a new survey from Citi Private Bank

A new study has some good news and some bad news for law firms.

First for the good news: Managing partners’ overall confidence in the economy was up 18 points between the third and fourth quarters of 2012, and 85 percent predicted future revenue growth, according to the latest Law Watch Managing Partner Confidence Index survey from Citi Private Bank.

Alanna Byrne

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