Survey: Firm Leaders Admit Downturn's Permanent Impact

, The Am Law Daily


In a new survey from legal consultancy Altman Weil, law firm leaders acknowledge that recession-driven changes to their pricing practices and their clients' expectations that work be done efficiently are likely here to stay. At the same time, most survey respondents say they have been slow to alter their long-term strategies to address those changes.

This content has been archived. It is available exclusively through our partner LexisNexis®.

To view this content, please continue to Lexis Advance®.

Continue to Lexis Advance®

Not a Lexis Advance® Subscriber? Subscribe Now

Why am I seeing this?

LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via Lexis Advance®. This includes content from the National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.

ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.

For questions call 1-877-256-2472 or contact us at

What's being said

  • Publicus

    What this demonstrates is that law firm partners still don't have a clue on how the profession is changing, especially in terms of economics. The partners had better be more concerned with quality of work product at a FAIR price, not how much they can squeeze the clients for their smarmy profits-per-partner prestige contests and expecting clients to pay an egregious fee for the privilege of having Dewey, Cheatum & Howe do their legal work.

  • Patrick J. McKenna

    A brilliant piece of research! It is amazing to contrast the transition in mindset from 2009 (the first year this survey was undertaken) to 2013. Well done and well worth taking the time to read and carefully study.

Comments are not moderated. To report offensive comments, click here.

Preparing comment abuse report for Article #1202601129609

Thank you!

This article's comments will be reviewed.