A straw poll conducted at the meeting revealed “guarded optimism,” according to a New York State Bar Association task force. Of the 21 law firm leaders who participated in the survey, only two said they expected legal business would decrease in 2011, with the rest predicting flat to modest growth. More than half expected to hire the same or slightly more first-year associates than they did in 2010.
The task force on the future of the legal profession conducted the poll last week during a meeting of managing partners at the offices of Patterson Belknap. The answers reflect the sentiments of bankers, consultants and managing partners, some of whom attended the meeting, that business conditions are gradually improving but growth remains a challenge.
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