The signs of economic recovery have been emerging for several months. Gross domestic product, or GDP, expanded 5.7 percent in the fourth quarter, Citi Private Bank’s most recent “Managing Partner Confidence Index” finds guarded optimism returning among law firm leadership, and Smock Sterling Strategic Management Consultants’ fourth quarter survey of mid-size firms found the same. Yet, without a doubt, the broader economic recovery is fragile.
Employment has stopped plummeting, but growth has not yet emerged.
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