Law firm billings are down in the second quarter of 2008 compared to 2007, according to research published by West Peer Monitor. Larger cities seem to be hit the hardest.
This is probably to be expected, given current market conditions. A decline of only 2% on average is actually relatively favorable.
Litigation looks to be the bright spot in the months ahead, as finger pointing and fault finding on Wall Street makes its way to the courts.
Read the full National Law Journal article at:
http://www.law.com/jsp/article.jsp?id=1202424731199
Read the West PDF at:
https://peermonitor.thomson.com/ThomsonPeer/docs/L-342596-8-08.pdf
Wednesday, September 24, 2008
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