IP teams lead Australian firms on growth expectations

Law firms are facing 'really tough' short-term conditions, but 86 per cent of them are expecting to see a growth in their intellectual property work, according to research from the Commonwealth Bank's Legal Market Pulse survey.

17 August 2015

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The report by Beaton Research + Consulting shows that law firms’ business confidence is down, with 37 per cent believing that business conditions are negative, compared to 17 per cent last October. The report also showed the belief that business conditions are positive declining by 13 percentage points in the legal sector, but increasing among the accounting firms. Mark Totaro of Commonwealth Bank said: 'There was a blip at the end of last year and we had been expecting the upward trend to continue, but this last quarter has shown that the top 50 firms are telling us that short-term conditions are really tough.' Source: Australasian Lawyer