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Legal Business and Employment Outlook: Recruiter Views
[Editor's Note: The following remarks are excerpted from "The Outlook for 2004: A Recruiter Roundtable," published in The Recorder (03-22-2004). Lawyers, firms and corporate legal departments can all find reasons for optimism in over a dozen interrelated trends identified by this thoughtful panel.]
Chris Braun (publisher of The Recorder): Tell me what you think we're likely to see in the next year or so in terms of changes in the profession.
Avis Caravello (of Avis Caravello Attorney Search Consultants): I'm looking in my crystal ball and I see three trends that will definitely continue. There'll be further consolidation of the Am Law 30. The big firms are continuing their quest to be global players, coming into regional markets and acquiring smaller firms, and gaining more critical mass by continuing to expand overseas. In doing so, they are gaining more of a foothold in large institutional client bases and thereby continuing to raise their rates, which hopefully will result in more work for associates and more associate hiring.
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