Sometimes, the market for legal services appears to move in slow-motion: Each month brings a new report highlighting the same trends – corporate legal departments are expanding, client loyalty is disappearing, law firm profits are under pressure but an elite pack is pulling ahead.
Against this backdrop, on Tuesday, Citi Bank Private Law Firm Group and Hildebrandt Consulting released their analysis of the first nine months of 2016 with an unlikely quote from Winston Churchill:
“To improve is to change, so to be perfect is to have changed often.”
It’s an odd choice given that the market didn’t really change ...
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