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Lawyers' estimates on trend of turnover after two years of decline

Autor: Cristi Moga

20.05.2011, 00:08 59

After two years when few law firms managed to keep growing, in2011 all the firms that provided information on the trend ofturnover are expecting to a at least stagnate, according to thedata collected in the third edition of the Law Firm Yearbook.
2011 seems to be the year of a return to growth for most law firmson the domestic market, considering that few were those firms,which during recession found the resources to offset the decliningfees by a rising volume of billable hours, which would securefurther growth.
Among the firms answering the request on the trend of turnover in2011, the most "downbeat" estimates are formulated by }uca Zb=rcea& Asocia]ii and Leaua & Asocia]ii, which did not budget anyincreases, while at the opposite end Biri[ Goran and Vil`u &Mitel firms target a revenue increase of as much as 45% and 35%,respectively.
On the other hand, NNDKP, Popovici Ni]u & Asocia]ii, Bo[tin` orSchoenherr & Asocia]ii make up the "conservative" category,after having budgeted an increase of 10% at the highest for thisyear.

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