Law Firm Leaders Survey 2010
After two years of turmoil, the nation's largest law firms are settling into a new normal. That's the takeaway from The American Lawyer 's 2010 survey of leaders of Am Law 200 firms, which suggests that many of the changes implemented during the recession--smaller associate classes, postponed start dates for new hires, reductions in the equity pool, and scaled-back profit expectations--are here to stay, at least for a while.
The New Normal
Lower leverage, softer profits,and more deequitizations. The recession's stopgaps are becoming a way of life.
By Claire Zillman
- The Client’s View In September and October, The American Lawyer and the Association of Corporate Counsel jointly surveyed 453 corporate chief legal officers and general counsel. In that group, 128 head departments at companies with annual revenues of $1 billion or more. Here are survey results from those 128 respondents.
- The New Rules Our Leaders survey asked the heads of Am Law 200 firms for opinions on a range of topics.