Law.com - Some Glimmers of Sunshine for Law Firms, Say Citi Experts

Law.com - Some Glimmers of Sunshine for Law Firms, Say Citi Experts
This is an article that requires some careful study and analysis. A look at the underlying data might also be necessary to do that properly. Aside from indicating that there might be some pain coming, it is interesting to note that firms with more than 25% of their lawyers abroad (note Nixon Peabody's recently announced objective) seem to be weathering the storm without too much difficulty. However, large New York based firms and firms with a lesser foreign presence seem to be bearing a much heavier burden. I continue to wonder how long overseas offices are going to be an economic benefit in these uncertain economic times.