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Law Practice

Sep. 13, 2013

Confidence among managing partners slumps

A survey of managing partners suggests that confidence is slumping among law firm leaders, driven largely by pessimism about the state of the legal industry and client demand.

By Joshua Sebold
Daily Journal Staff Writer

A survey of managing partners suggests that confidence is slumping among law firm leaders, driven largely by pessimism about the state of the legal industry and client demand.

Conversely, managing partners reported that they were more likely to hire equity partners and associates on average, compared to the previous quarter, according to a study by Citigroup Inc. assessing law firm leaders' attitudes during the third quarter...

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