Law firm news by topic » Prediction

Orrick reports 0% trainee retention

Feb 7, 2014 Orrick has reported a 0% trainee retention rate this spring, by failing to keep the only trainee in its London office. The result might not seem so bad in itself, but the statistic…

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Commentator predicts drop in law firm profits

Dec 9, 2013 Legal sector commentator Ashley Balls has predicted a significant drop in profit margins, saying that profits could decrease from 30-40% to somewhere between 8 and 15%. In his new book 'Law Firm Strategies for the…

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'The tide is out' on the legal services market

Jan 22, 2013 Law firms "can no longer rely on a rising tide that lifts all boats," according to a new client advisory from Citi Private Bank's Law Firm Group and Hildebrandt Consulting. "In fact, the tide is out." The report found…

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Average profits rise at Scottish law firms

Feb 20, 2012 Profits at Scotland’s law firms are rising for the first time since the global finaincial crisis, with the average profit per equity partner across all sizes of firm rising from £64,000 in 2010 to £71,000 in 2011.…

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New Zealand's legal profession - a snapshot in 2011

Apr 27, 2011 The New Zealand Law Society has released a publication that gives an interesting insight into the legal profession in the country. According to the published statistics, the majority of New Zealand law firms have between…

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US firms increase presence in China

Apr 27, 2011 US firms are increasing their presence in China, with the top 250 US firms running 70 offices in China at the end of 2010. According to the National Law Journal, these firms have 2,055 lawyers in China, and the firms…

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High demand for energy law recruits in Canada

Apr 18, 2011 Interesting article here about the demand for recruits with an interest in energy law in Canada. In light of predictions that the energy sector will fuel Canada’s economic growth for the next five years: ‘Almost all…

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Taking the shears to equity partnerships in 2011

Jan 19, 2011 2011 will be another slow year for law firms, according to the 2011 Client Advisory released by consultants at Hildebrandt Baker Robbins and the Citi Private Bank division of Citigroup, Inc. The report predicts that…

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