June 2010 Newsletter
2010 is turning out to be a relatively positive year for our strong clients. Many of our clients finally saw the unstable legal market turn the corner for the better in early 2010. We have started to see delineation between the firms that have been able to rise above market challenges and those that have faltered.
The absolutely spectacular news is that we are now seeing that the clients that have done well are beginning to hire and grow! It has been a while since we have been able to make a statement like this with confidence and we are excited.
We predict that a nice spike in hiring in the legal market will happen about a year from now, in mid-2011. With this demand for new jobs, we also expect to slowly see compensation increasing and leveling out. We anticipate that for successful, strong companies, salary cuts and hiring freezes will start to disappear much more rapidly in early 2011. |
