Law firm news by topic » Global economic downturn

London firms show signs of recovery

May 16, 2011 London law firms are showing signs of recovery after tough times according to the annual Law Society profitability survey, which is widely regarded as the annual health check report for the smaller end of the legal…

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US legal Industry lost 2900 jobs in February

Mar 9, 2011 The Bureau of Labor Statistics has reported that US unemployment fell to 8.9 percent in February, but the legal industry lost 2,900 jobs in the same month. In January the industry made the modest gain of 500 jobs,…

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Billing rates at US firms up by less than 3%

Dec 9, 2010 The tough economic environment has chilled fees, with average law firm billing rates increasing by a mere 2.7 percent in 2010. This is the second consecutive year that billing rates increased by less than 3 percent,…

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Clients crave predictable legal costs

Oct 22, 2010 Under difficult economic conditions an old conflict between traditional law firms and corporations has intensified, as demonstrated by a survey conducted by BTI Consulting Group, which reported that executives at 87% of…

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In-house legal departments slash spending

Oct 20, 2010 A new survey reveals that in-house legal departments have cut spending for the first time in a decade. The survey, conducted by legal consultants Hildebrandt Baker Robbins, showed that total legal spending was down 1 per…

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Britain's top 100 firms see revenues rise by 5%

Sep 23, 2010 According to latest figures, Britain’s 100 biggest law firms saw revenue increase by an average of 5 per cent for the last quarter, despite continued uncertainty in the economy. According to accounting firm…

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European GCs say the party is over

Sep 20, 2010 At a roundtable discussion at London's College of Law yesterday, general counsel from major corporations including Royal Dutch Shell, Nokia Corporation, and British Airways predicted significant changes to the way that…

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