Increasing demand and a more concentrated focus on the efficient delivery of legal services should lead to higher profits in 2014, according to a survey of the managing partners’ confidence in the market.
Citi Private Bank’s Managing Partner Confidence Index for the fourth quarter of 2013 showed an improvement of six index points when it comes to overall confidence in the market. Citi gave an index value of 109 for overall confidence, with 100 being considered neutral, anything above that considered confident and anything below 100 showing a lack of confidence.
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