May 15th, 2009 by Jim Cotterman
Altman Weil has announced a very interesting new survey on the state of the current legal market. The survey was designed to measure how law firms are responding to the economic downturn in terms of pricing, staffing, strategy, growth plans and business development. We were particularly keen to better appreciate the balance between the short-term operational reactions in response to the extraordinary recessionary environment and the longer-term structural changes to the basic business model. We also sought information regarding short, medium and long term opportunities and threats as they are perceived by firm leadership.
The results of this effort will be discussed in an upcoming webinar. This webinar will discuss the results, implications and take-aways of Altman Weil’s study on Law Firms in Transition. It is based on the input of 208 respondents (30% of the 687 US law firms with 50 or more lawyers, including 32% of the NLJ 250) to an inquiry conducted during March and April of this year. The complete, 100-page survey, with detailed breakouts of law firms in five size categories from over 1,000 lawyers to under 100, will be available exclusively to those who register for the upcoming Altman Weil webinar, The Real Legal Market 2009, scheduled for June 11, 2009.