Posted Nov 09, 2012 05:43 pm CST
Managing partners at 26 midsize law firms are in an optimistic mood.
A majority of the surveyed partners expect to add lawyers, to increase billing rates, and to post increased profits per partner, the National Law Journal (reg. req.) reports. The NLJ sent the survey to law firms with fewer than 400 lawyers.
Nineteen of the surveyed firm leaders expect to make lateral hires in the area of litigation, and 16 expect to hire in the area of corporate work. Most of the expected hiring was in Washington and Los Angeles.
Eleven law firm leaders expect to add more associates in 2013 than 2012, and 11 expect associate hiring to remain the same.
Twenty-one of the managing partners expect to increase billing rates next year, and 20 expect partner profits to grow.