The latest data from national banks and consultants show revenue and demand lagging nationally in 2015 compared with 2014, and many are warning of a legal industry slowdown in the fourth quarter that could make for a rough start to 2016. That contrasts with the optimism found in The Legal Intelligencer’s most recent Managing Partners Survey.
Despite the disparity in the various surveys and studies, a common theme heard among legal observers is that with competition so heavy and the landscape often changing rapidly, success is going to be less about what segment law firms reside in and more about individual firm performance.
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