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BigLaw & the ‘Tsunami Economy’: Demand Down, Billing Rates Up - Law Blog - WSJ
1 day ago ago from Wall Street Journal
By Ashby Jones As the year winds to a close, stories chronicling the year in legal biz start making their inexorable appearances. Expect variations on the following theme: the year was bad. Very bad. An historical worst bad. The first entrant in the category comes from Bloomberg's Cynthia Cotts. She reports that based on projections made by Citi Private Bank Law Firm Group, law-firm revenue in the U.S. will fall 5 to 10 percent this year, ...
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